Kevin Warsh Sworn In as Federal Reserve Chair on May 25, Ending Trump's Blame Era

According to BlockBeats, Kevin Warsh, personally appointed by President Trump, was sworn in as Federal Reserve Chair on May 25. The shift marks Trump's first full assumption of political responsibility for U.S. economic and inflation performance, following his prior attribution of high rates, weak housing, and slower growth to predecessor Jerome Powell.

With Warsh's tenure, Federal Reserve policy is now viewed as a direct extension of "Trump economics." The U.S. economy faces mounting pressure, including 30-year mortgage rates above 6.5%, PCE inflation at 3.5%, and nationwide gas prices exceeding $4.55 per gallon. Markets worry the Fed may be forced to continue rate hikes amid high inflation, further threatening Republican prospects in midterm elections.