© 2026 All Rights reserved WUSF
Donate
Play Live Radio
Next Up:
0:00
0:00
0:00 0:00
Available On Air Stations
WUSF's Wake Up Call
Our daily newsletter, delivered first thing weekdays, keeps you connected to your community with news, culture, national NPR headlines, and more.
Subscribe

Kevin Warsh becomes 17th Fed chair amid rising inflation and an uncertain economy

WBUR | By Here & Now Newsroom
Published May 15, 2026 at 12:00 PM EDT
Kevin Warsh testifies during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington Tuesday, April 21, 2026. (Jose Luis Magana/AP)
Jose Luis Magana/AP
Kevin Warsh testifies during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington Tuesday, April 21, 2026. (Jose Luis Magana/AP)

Federal Reserve Kevin Warsh’s predecessor, Jay Powell, endured extreme political pressure from President Trump to lower interest rates.

Here & Now‘s Peter O’Dowd speaks with Loretta Mester, former president and CEO of the Federal Reserve Bank of Cleveland.

This article was originally published on WBUR.org.

Copyright 2026 WBUR
Tags
US / WorldHere & Now
Here & Now Newsroom
Thanks to you, WUSF is here — delivering fact-based news and stories that reflect our community.⁠ Your support powers everything we do.
Donate Now