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Kevin Warsh sworn in as chairman of the Federal Reserve
From youtube.com/associatedpress
Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, will be sworn in Friday, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. The Senate confirmed Warsh last week in a largely party-line vote. His nomination had been thrown into doubt in recent months after Republican Sen. Thom Tillis of North Carolina said he would block the nomination while the Justice Department investigated Fed Chair Jerome Powell. The Powell probe was dropped in April, clearing the way for the Senate to confirm Warsh. Warsh, 56, a former top Fed official, will ...
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From breakingthenews.net|May 22, 2026|37 commentsThe Consumer Sentiment Index in the United States plunged 10% in May compared to the month prior, to stand at 44.8, a final report posted by the University of Michigan showed on Friday. The figure tumbled 14.2% on an annual basis. The Current Economic Conditions Index slid 12.8% in the reported period compared to April and plummeted 22.2% compared to May 2025, amounting to 45.8 points. The Index of Consumer Expectations dropped 8.3% month-over-month and 7.9% year-over-year, coming in at 44.1. "Year-ahead inflation expectations inched up from 4.7% last month to 4.8% this month. The current reading substantially exceeds the 3.4% reading seen in February 2026 prior to the start of the Iran conflict, along with all 2024 readings. Long-run inflation expectations climbed from 3.5% in April to 3.9% in May, notably higher than the 2.8% to 3.2% range seen in 2024," it was stated in the report. UMich new record lows across the board UMich Sentiment 44.8, Exp. 48.2 UMich Current Cond 45.8, Exp. 48.0 UMich Expectations 44.1, Exp. 48.5 1Yr Inflation exp. 4.8%, Exp. 4.6% 5-10Yr inflation exp. 3.9%, Exp. 3.4% pic.twitter.com/Sq8trcBkcl Republican sentiment sliding pic.twitter.com/dAvrgMPGXF
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From @DeItaone|May 22, 2026|6 commentsTRUMP: EXPECT WARSH TO GO DOWN AS A GREAT FED CHAIR TRUMP: WANT WARSH TO BE INDEPENDENT TRUMP SAYS NOBODY BETTER PREPARED TO LEAD FED THAN WARSH TRUMP SAYS FED IS PILLAR OF GLOBAL FINANCIAL SYSTEM Trump: The Fed got removed from its core mission.
From @DeItaone|May 22, 2026|9 commentsTRUMP: WANT TO STOP INFLATION Trump: We want to stop inflation, but not stop greatness. Economic growth doesn't mean inflation.
From @financialjuice|May 22, 2026|32 commentsTrump: Iran is dying to make a deal. We'll see what happens.
