Warsh, Trump's New Fed Chair, Backed Rate Cuts
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- Kevin Warsh serves as President Trump's new Federal Reserve chair, having previously argued the Fed had room to cut interest rates
- Trump has long viewed interest rate cuts as a top priority, and Warsh's pro-cut stance is what made him attractive to the president
Why it matters: Trump's new Fed chair Kevin Warsh entered the role having publicly argued the Fed had room to cut interest rates, giving the president a policy ally at the central bank who shares his long-standing preference for lower borrowing costs.
