# Warsh Confirmed as Fed Chair, Faces High Inflation

Page: https://stenobird.com/podcast/durham-news-today-2-min-news-the-daily-news-now-7569659/warsh-confirmed-as-fed-chair-faces-high-inflation
Text version: https://stenobird.com/podcast/durham-news-today-2-min-news-the-daily-news-now-7569659/warsh-confirmed-as-fed-chair-faces-high-inflation.md
Podcast: [Durham News Today | 2 Min News | The Daily News Now!](https://stenobird.com/podcast/durham-news-today-2-min-news-the-daily-news-now-7569659)
Published: 2026-05-13T19:48:02+00:00
Episode link: https://api.fastcast.ai/audio/901debd0-e424-465c-973e-742d3fa6528c.mp3
Audio file: https://api.fastcast.ai/audio/901debd0-e424-465c-973e-742d3fa6528c.mp3
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Duration seconds: 98

## Resource

Kevin Warsh confirmed as new Federal Reserve chair amid high inflation and political tensions. Warsh, a former top Fed official, takes over from Jerome Powell, replacing him in a straight party-line Senate vote. Warsh faces challenges with inflation surpassing the two percent target for five years, fueled by gas price spikes. Trump pushed for the change, criticizing Powells rate policies, while Democrats like Elizabeth Warren criticized Warshs ties to Trump and lack of transparency on his $100 million fortune. Warsh plans to sell his SpaceX and Polymarket stakes within 90 days and aims to reduce Fed chatter. The Feds rate committee is divided, with rare dissents signaling pushback against quick rate cuts. Powell will remain as a board governor until at least January 2028, keeping eyes on Warshs navigation of the power shift and taming economic heat. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/bc9b9b12f46e1f1e

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