Andrew Ackerman

STANFORD, Calif. -- Kevin Warsh has spent years positioning himself to lead the Federal Reserve, refining his case that the Fed had lost its way and needs to be reformed, starting with, as he put it last summer, "breaking some heads" at an institution he says is resistant to change.

Gasoline prices surged as the Iran conflict ripples through the economy, pushing April inflation to the highest level since late 2023.

Kevin Warsh promised to remake the central bank. His first challenge: inflation that will make the president's demand for interest rate cuts impossible to meet.

From slashing rates during the pandemic to standing up to the president, here are the key moments that shaped Powell's eight years as Federal Reserve chair.

Trump will attend Kevin Warsh's swearing-in at the White House, the first such ceremony there since Reagan hosted Alan Greenspan in 1987.

Andrew Ackerman President Donald Trump will host a swearing-in ceremony Friday at the White House for Kevin Warsh, his pick to lead the Federal Reserve, according to a White House official.

President Donald Trump will host a swearing-in ceremony Friday at the White House for Kevin Warsh, his pick to lead the Federal Reserve, according to a White House official.

Rising bond yields are pushing up borrowing costs for Americans, driven by inflation fears, the war in Iran and concerns about U.S. debt.

Andrew Ackerman and Federica Cocco | Washington Post Borrowing costs for everyday Americans are climbing as a global bond sell-off

Kevin Warsh was sworn in as Federal Reserve chair at a White House ceremony Friday morning, facing surging inflation that is weighing on Americans fueled by the war in Iran.