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Story summary
- Kevin Warsh became Federal Reserve Chair on May 22, appointed by President Donald Trump.
- Since Warsh took office, the Dow, S&P 500 and Nasdaq each reached new record highs.
- July headline inflation was 3.4%, marking the 65th consecutive month above the Fed’s 2% target.
- President Donald Trump has publicly called for cutting the federal funds rate to 1% or lower.
