Kevin Warsh confirmed as new US Federal Reserve chair amid controversy

Kevin Warsh has been confirmed by the United States Senate as the chair of the Federal Reserve’s Board of Governors, succeeding Jerome Powell, whose term ends on Friday. Warsh's confirmation came in a 54-45 vote, with Democratic Senator John Fetterman joining Republican colleagues. Concerns about the independence of the central bank and rising inflation were raised during his hearing, where he was accused of being a 'sock puppet' for Trump.