00:00Former Federal Reserve Governor Kevin Warsh is preparing to officially become the next chair of the Federal Reserve following Senate
00:07confirmation last week.
00:09President Trump is expected to host Warsh's swearing-in ceremony at the White House, a break from modern precedent that's
00:15already fueling debate over Fed independence.
00:18Warsh takes over at a difficult moment for the central bank as inflation pressures remain elevated amid rising oil prices
00:26and global instability.
00:27Markets are now closely watching whether Warsh will continue current policy or pivot toward rate cuts favored by the White
00:34House.
00:35His first major test could come as soon as next month's Fed meeting, where investors expect fierce debate over the
00:41path of interest rates.
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