Warsh clinches Senate approval to be Fed's next chair as inflation intensifies
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Warsh clinches Senate approval to be Fed's next chair as inflation intensifies
The U.S. Senate on Wednesday approved Kevin Warsh as Chair of the Federal Reserve, putting the 56-year-old lawyer and financier at the helm as the U.S. central bank grapples with intensifying inflation that may make it hard to push through the interest-rate cuts that President Donald Trump has demanded.