A Divided Fed and a Divided Senate: The War Over Rate Cuts Continues The confirmation of Kevin Warsh as Federal Reserve chair marks the end of an era, but it's unclear if it signals a new one.
With a 54 45 vote in the most partisan confirmation of a Fed chair to date, it's evident that the central bank is entering uncharted territory.
The Senate's decision to install a Trump loyalist at the helm has raised concerns about the Fed's independence and its ability to make decisions based on data rather than politics.