**[The "Blame-Shifting Era" of Trump Ends, Warsh Succeeds Powell]** BlockBeats News, May 25: Kevin Warsh, personally appointed by U.S. President Donald Trump, was officially sworn in as the Chairman of the Federal Reserve. Observers believe this marks the first time Trump will fully assume political responsibility for the performance of the U.S. economy and inflation. Reports indicate that Trump had long blamed high interest rates, a sluggish housing market, and economic slowdown on former Chairman Powell. However, with Warsh taking office, Federal Reserve policies are now seen as a direct extension of "Trump's economy." The U.S. economy is currently facing multiple pressures, including 30-year mortgage rates climbing back above 6.5%, PCE inflation rising to 3.5%, and the national average gasoline price exceeding $4.55 per gallon. The market is concerned that under the backdrop of high inflation, the Federal Reserve may be forced to continue raising interest rates, which could further impact the Republican Party's prospects in the midterm elections. Additionally, Warsh advocates for weakening forward guidance and increasing policy uncertainty. The number of dissenting votes at the Federal Reserve's April meeting also hit a nearly 30-year high, indicating significant internal divisions. [Original Link]