Kevin Warsh sworn in as Federal Reserve chair amid rising inflation

Kevin Warsh has been sworn in as the new chair of the Federal Reserve, taking office during a period of rising inflation. His appointment marks a significant shift in monetary policy direction, as rate hikes are now considered a possibility under his leadership. This represents a sharp departure from the rate-cut environment that characterized the previous administration's search for a new chair. The change comes as the central bank faces increasing pressure to address inflationary pressures in the economy.