The new Fed chair’s framework has been consistent for two decades. The question now is how much of it his colleagues will accept.

The Warsh era begins with soaring inflation, a Middle East energy shock bleeding into other parts of the economy and colleagues skeptical that rate cuts should come anytime soon. Add on top: Kevin Warsh faces more political pressure to deliver lower rates than any other Federal Reserve chair in recent memory.

Investors will also be watching the stock market closely, and history suggests they have reason to be cautious.

Instead of speculating about where interest rates may go next, the better question is: What should you focus on that is actually within your control?

Kevin Warsh is officially chair of the Federal Reserve after a swearing in at the White House. What to expect from the central bank's new leader.

Kevin Warsh was sworn in as Federal Reserve chair at a White House ceremony Friday morning, facing surging inflation that is weighing on Americans fueled by the war in Iran. Warsh was sworn in by Supreme Court Justice Clarence Thomas in a ceremony attended by Treasury Secretary Scott Bessent,

Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, attends a Senate Banking Committee confirmation hearing to testify, on Capitol Hill in Washington, D.C., U.S.

Kevin Warsh was sworn in Friday at the White House as Chairman of the Board of Governors of the Federal Reserve System, succeeding Jerome Powell in one of the world’s most powerful economic positions.