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  • 16 hours ago
The US' central bank has a new chair at the helm, and he has promised to bring change to the Fed. Kevin Warsh succeeds Jerome Powell as chair of the United States Federal Reserve Board of Governors.
Transcript
00:00Newly sworn in U.S. Federal Reserve Chair Kevin Warsh has vowed to bring change in his capacity as head
00:06of the U.S.'s Central Bank.
00:08I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes both,
00:15escaping static frameworks and models, and upholding clear standards of integrity and performance.
00:25Warsh, a financier and attorney by trade, had been nominated by President Donald Trump to succeed Jerome Powell as Fed
00:32Chair.
00:32He had previously served on the Fed's Board of Governors in the late 2000s.
00:37Warsh's nomination comes after Trump and Powell clashed on interest rates, with Trump wanting them cut.
00:43Warsh's confirmation vote was the narrowest for Fed Chair in U.S. history.
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