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Kevin Warsh Sworn In as Fed Chair Amid 4.2% Inflation

6/11/2026

29 3 Full Breakdown

Summary

Story summary

Kevin Warsh was sworn in as Federal Reserve (Fed) Chair on May 22 2026 amid 4.2% inflation.
May nonfarm payrolls rose 172,000, far above the 80,000 consensus.
Consumer-price index showed 4.2% inflation in May while core CPI rose 2.9% YoY.
President Donald Trump urged Warsh to cut rates and praised inflation.
CME FedWatch gives a 98.2% chance the Fed will keep the policy rate at 3.5%-3.75% at the next meeting.

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Story summary

Kevin Warsh was sworn in as Federal Reserve (Fed) Chair on May 22 2026 amid 4.2% inflation.
May nonfarm payrolls rose 172,000, far above the 80,000 consensus.
Consumer-price index showed 4.2% inflation in May while core CPI rose 2.9% YoY.
President Donald Trump urged Warsh to cut rates and praised inflation.
CME FedWatch gives a 98.2% chance the Fed will keep the policy rate at 3.5%-3.75% at the next meeting.