3 Things to Know About Kevin Warsh, the New Fed Chair

Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve on May 22. With this, he effectively replaced Jerome Powell after a narrow Senate vote and inherited sticky inflation, a $6.7 trillion balance sheet, and an increasingly Fed-sensitive crypto market.

His record as a former Fed governor, Bush-era policy adviser, and Wall Street financier points to a more hawkish, less…