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Kevin Warsh Opens Federal Reserve Era With Iran War Clouding Inflation Outlook

6/21/2026

The Federal Reserve convened its first policy meeting under Kevin Warsh, Donald Trump's pick to lead the world's most important central bank, with a conflict involving Iran adding a new layer of inflation risk to the U.S.

Warsh at the Helm Warsh's arrival as Federal Reserve chair marks the formal start of a new leadership era at the institution, one engineered by President Donald Trump.

The transition hands Warsh stewardship of the central bank at a moment when policymakers face pressure from more than one direction.

The first meeting under his tenure sets the tone for how the Fed will navigate a political and economic environment that has grown more complicated since his nomination.

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