Fed's new chair wins narrowest confirmation vote in modern history
Why this story
Historic Fed confirmation milestone. Economic policy angle distinct from recent inflation coverage.
BULL CASE
Warsh's 1990s-style supply boom thesis could unlock rate cuts — he argues AI expansion boosts America's capacity without inflation.
BEAR CASE
Only one Democrat backed Warsh in the 54-45 vote — party leaders call him Trump's 'sock puppet' per The Guardian.
GLOBAL MARKETS
BBC notes Warsh won by the narrowest margin since Senate confirmation became required — unprecedented political division.
Hidden Truth
Hidden truth: Powell breaks precedent by staying on the Board, fearing Trump will reopen criminal probes over Fed building renovations.Read the full breakdown →
Will Warsh cut interest rates within his first 100 days as Fed chair?
