New Fed Leader and the Challenges of Interest Cuts Demanded by Trump

Kevin Warsh, appointed by Donald Trump to succeed Jerome Powell as chairman of the Federal Reserve, starting in May 2026.Photo: WILL OLIVER / EPA

Graduated from Stanford and Harvard, he was governor of the Federal Reserve for the G20. He was a “falcon”, but not anymore. He is married to Jane Lauder, daughter of the owner of Estée Lauder, a longtime friend of Trump.

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