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Axios
Axios

Kevin Warsh's challenges become clear after Fed chair Powell's last hurrah

Kevin Warsh Jerome Powell Donald Trump Joe Biden US Federal Reserve

When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely.

Why it matters: Taken together, Wednesday's news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that its current leadership believes unwise.

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