Also known as: Fed Chair Warsh · Chair Warsh · Fed Chair Kevin Warsh
Chair of the US Federal Reserve confirmed by Senate in May 2026, navigating persistent inflation and pressure from President Trump on interest rate policy.
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Joy Online
… It comes days before US President Donald Trump’s appointee Kevin Warsh is set to take over from Jerome Powell as chair of the US central bank. …
US inflation jumps to 3.8% as energy costs surge from Iran warThe Federal Reserve raised interest rates to 3.75%-4% from 3.5%-3.75% in a unanimous decision, citing persistent inflation above the target of 2%. Fed Chair Kevin Warsh said the move was necessary because inflation has remained too high for more than five years, despite opposition from President Donald Trump who called for rate cuts.
17 hours ago · Joy Online →
The Federal Reserve raised interest rates to 3.75%-4% from 3.5%-3.75% in a unanimous decision, citing persistent inflation above the target of 2%. Fed Chair Kevin Warsh said the move was necessary because inflation has remained too high for more than five years, despite opposition from President Donald Trump who called for rate cuts.
17 hours ago · Joy Online →
Spot gold climbed 1.1% to $4,310.49 per ounce on Thursday as investors processed the Federal Reserve's interest rate hike and signals of further tightening, while oil prices fell as Saudi Arabia offered additional crude cargoes through Oman. An analyst expects gold to remain range-bound unless oil prices decline further, noting the Fed's hawkish message is already priced into the market.
17 September 2026 · Joy Online →
The US government's 10-year Treasury yield rose to 5.04%, its highest since 2007, driven by oil price surges and inflation concerns stemming from regional tensions. Rising global bond yields reflect expectations of higher interest rates to combat inflation, though President Trump opposes rate increases.
15 September 2026 · Joy Online →
Spot gold rose 0.8% to $4,630.09 per ounce on Thursday amid currency debasement concerns and anticipation of remarks from U.S. Federal Reserve Chair Kevin Warsh at the Jackson Hole symposium. Markets are watching for clarity on monetary policy direction, with current pricing assigning 36.5% probability to a September rate hike and 72.7% by December.
27 August 2026 · Joy Online →
The US Federal Reserve kept interest rates unchanged between 3.5% and 3.75% for the fifth consecutive time, with Fed chairman Kevin Warsh acknowledging there is no "magic wand" to ease inflation. Policymakers voted 9-3 to hold rates steady as inflation concerns persist, particularly due to Middle East tensions and their potential impact on oil and consumer prices.
30 July 2026 · Joy Online →
Gold was on track for its biggest weekly loss in six as escalating U.S.-Iran clashes lifted oil prices by about 12% this week, adding to inflationary pressures and strengthening the case for higher U.S. interest rates. The metal has lost 3.2% so far this week, outweighing support from softer June U.S. inflation figures.
17 July 2026 · Joy Online →
US prices rose 4.2% year-on-year in May, the fastest rate in three years, driven by rising energy costs following the US-Israel war in Iran. President Trump said he "loves the inflation" but promised prices would "come down like a rock" when the conflict ends.
10 June 2026 · Joy Online →
US inflation rose to 4.2% in May, the fastest pace in three years, driven primarily by rising energy costs amid the US and Israel's war in Iran. The increase from 3.8% the previous month marks the third consecutive monthly rise in the Consumer Price Index.
10 June 2026 · Joy Online →
Finance ministers from the Group of Seven are meeting in Paris to coordinate a response to the prolonged closure of the Strait of Hormuz caused by Iran-related conflict, which has disrupted vital oil and gas supplies through the maritime chokepoint that typically handles roughly a fifth of the world's petroleum liquids.
18 May 2026 · Joy Online →
Kevin Warsh was confirmed as chair of the US Federal Reserve by the Senate with 54 votes in favour and 45 against, the narrowest margin for Fed chair confirmation since 1977. Warsh will succeed Jerome Powell and faces pressure from President Trump to lower interest rates despite rising inflation driven by energy costs.
14 May 2026 · Joy Online →
US consumer prices rose at their fastest rate since May 2023, with April's consumer price index reaching 3.8%, driven by surging energy costs following the impact of the US-Israel war in Iran and disruption to the Strait of Hormuz shipping lane. The rise makes interest rate cuts by the Federal Reserve less likely this year.
12 May 2026 · Joy Online →