TRUMP PICK KEVIN WARSH SWORN IN AS FED CHAIR. Kevin Warsh was sworn in for a four-year term as chair of the Federal Reserve, a role that will grant him outsized influence over interest rates and the direction of the U.S. economy at a consequential moment. The 56-year-old former finance executive and adviser to President George W. Bush was sworn in on May 22. He previously served on the Fed’s Board of Governors from 2006 to 2011 — a period when the central bank had to navigate the fallout from the 2008 financial crisis. He rejoins the Fed, whose goal is stable prices and maximum employment, at a time when inflation is surging as a result of the Iran war and concerns linger about stagnation in the job market outside select industries. Full article: https://www.msn.com/en-us/money/markets/trump-pick-kevin-warsh-sworn-in-as-fed-chair-what-it-means-for-you/ar-AA23POMK?ocid=BingNewsSerp(FXHedge)