Kevin Warsh sworn in as new Fed chair at White House, replacing Powell

TL;DR

Kevin Warsh was sworn in as the chairman of the Federal Reserve by Justice Clarence Thomas at the White House.
President Trump expressed his desire for Warsh to be independent and prioritize economic growth.
Warsh stated his commitment to a reform-oriented Federal Reserve, upholding integrity and performance.
The Federal Reserve faces challenges including inflation above its target and divided opinions on interest rates among committee members.
Jerome Powell will remain on the Fed's Board of Governors and retain a seat on the rate-setting committee.

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