The Unlikely Shield of Independence: Kevin Warsh Takes the Reins at a Tumultuous Fed The swearing in of Kevin Warsh as Federal Reserve chair on Friday was steeped in tradition, but its significance lies in the context surrounding it.
The White House's efforts to revive presidential influence over monetary policy are being met with an unexpected obstacle: the data and committee composition that critics feared would compromise Warsh's independence.
Inflation is running hot, with headline PCE at 3. 5% year over year in March 2026 and energy prices spiking by 11. 56% month over month.