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MercoPress, en Español

Montevideo, May 27th 2026 - 06:06 UTC

Tag: Kevin Warsh

  • Wednesday, May 13th 2026 - 20:00 UTC

    Warsh to succeed Powell at the Fed with inflation at three-year high

    Warsh takes office with US inflation at a three-year high

    The US Senate on Wednesday confirmed economist Kevin Warsh as the 17th chair of the Federal Reserve in a 54-45 vote, in a transition that hands control of the world's most influential central bank to President Donald Trump's pick at a moment of strong inflationary pressure. Warsh, a former Fed governor during the 2008 financial crisis and a former Morgan Stanley banker, will formally take office on Friday 15 May, following the departure of Jerome Powell, whose eight-year term has been marked by successive economic crises and a prolonged clash with the White House over the central bank's political independence.

  • Wednesday, April 15th 2026 - 22:12 UTC

    Trump says he will fire Powell if he stays past May as Senate stalls successor's confirmation

    Powell publicly linked the investigation to political pressure after receiving the first subpoena in January

    US President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell if he does not leave when his term expires on May 15. “Well then, I'll have to fire him,” Trump said in an interview on Fox Business. “I've held back firing him. I've wanted to fire him, but I hate to be controversial. I want to be uncontroversial, but he will be fired.”

  • Monday, February 2nd 2026 - 17:43 UTC

    China’s Xi calls to make Renminbi “a powerful currency,” as Trump is ready to change Fed’s chair

    The timing of Xi’s announcement is strategically significant since it coincides with notable weakness in the US dollar, which has fallen to a four-year low

    China’s President Xi Jinping has called for the renminbi to achieve global reserve currency status, “a powerful currency” according to remarks published on Saturday in Qiushi, the Chinese Communist Party’s flagship ideology journal.

  • Friday, January 30th 2026 - 18:50 UTC

    Trump taps Kevin Warsh to lead the Federal Reserve, setting up a high-stakes confirmation fight

    Trump has repeatedly attacked Powell for not cutting interest rates faster and has argued the U.S. should be paying substantially lower borrowing costs

    Donald Trump said on Friday he will nominate Kevin Warsh, a former Federal Reserve governor, to become the next chair of the U.S. central bank, replacing Jerome Powell when Powell’s term as chair expires in May. The announcement, delivered via Truth Social, follows months of speculation over who would inherit the world’s most consequential monetary-policy job.