Washington: After eight years of friction with the White House, a global pandemic, and a fight with high inflation, the U.S. Federal Reserve begins a new era with former governor Kevin Warsh soon to be sworn in as chair.
It will be a new era for President Donald Trump as well. He soon will no longer have departing Fed Chair Jerome Powell as his favorite punching bag, although Powell will remain a Fed governor and will continue as central bank leader on a temporary basis until Warsh is sworn in. Warsh, Trump's pick for Fed chair, presumably brings a fresh start in relations between the Oval Office and the central bank.
