Odds against Interest Rate Cuts High as New US Fed Chair to be Sworn in

Cointelegraph Staff

(10:49 PM UTC)

1 min read

Kevin Warsh is set to be sworn in as the next chair of the US Federal Reserve Board of Governors on Friday amid speculation about whether he'll do what US President Donald Trump hopes he does: Lower interest rates once in office.

On Wednesday, the US Senate voted largely along party lines to confirm Warsh as the next Fed chair, succeeding Jerome Powell. While Trump nominated both Fed governors in…

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