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CNBC World News

May 22, 2026

Kevin Warsh sworn in as Fed chair as Trump seeks interest rate cuts

Despite President Donald Trump's demands for lower interest rates, markets are betting the Fed will stay on hold through most, if not all, of 2026.

Int'l Herald Tribune

May 22, 2026

Warsh Takes Charge of Fed Facing Rising Inflation Threat

The economic backdrop that Kevin M. Warsh inherits as chair of the Federal Reserve does not call for the interest rate cuts that President Trump wants.

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