By Samuel Gonzalez
The United States Senate made a decision and confirmed Kevin Warsh as the new president of the Federal Reserve (Fed). This is expected to mark a new course in the country’s financial system, in a challenging context where inflation has risen again and interest rates have remained unchanged, despite pressure from President Donald Trump.
Warsh obtained final approval this Wednesday with 54 votes in favor and 45 againstin one of the most divided votes recorded for this position. Support came primarily from Republican lawmakers, along with a single Democratic vote, that of Sen. John Fetterman of Pennsylvania.
The new president of the Fed is a lawyer, financier and had already held a position as governor of the institution between 2006 and 2011. His return occurs after a complex nomination process, promoted by President Donald Trump, who has maintained constant differences with the monetary policy of the organization, currently led by Jerome Powell.
