According to Bloomberg, the U.S. Senate confirmed Kevin Warsh as the Federal Reserve Chair with 54 votes in favor and 45 against, succeeding Jerome Powell, whose term ends this week. This marks the narrowest Senate vote margin in the history of Fed Chair confirmations, highlighting growing bipartisan divisions over the Fed's independence and interest rate policies. During the hearing, Warsh stated that under his leadership, the Fed's monetary policy would remain 'strictly independent,' but the market is closely watching whether he will align with Donald Trump's push for rate cuts. Meanwhile, U.S. April PPI rose 6% year-over-year, exceeding market expectations, as inflationary pressures driven by rising energy prices continue to spread. https://(wublock123.com)/news/senate-confirms-kevin-warsh-as-fed-chair-61038