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From the opinion pages of the Wall Street Journal, this is Potomac Watch.

Kevin Warsh becomes the new chairman of the Federal Reserve,

ending an eight-year run by outgoing Chief Jerome Powell.

But Warsh takes the reins a day after new figures show price inflation accelerating again in April,

and not only in the crimped oil and gas markets.

Welcome him, Kyle Peterson with the Wall Street Journal.

We're joined today by my colleagues on the journal's opinion pages,

columnists Joe Sternberg, and Alicia Finley.

The Senate on Wednesday voted 54 to 45 to confirm Kevin Warsh as the next chairman of the Federal Reserve.

A notable yes vote from North Carolina

Senator Tom Tillis, who said that he would block any Fed replacement for Jerome Powell,

unless the Trump administration dropped its criminal investigation over Powell and that Federal Reserve

renovation project, a threat by Tillis that seems to have worked.

Another notable yes vote for Warsh, that is Democratic Senator John Federman of Pennsylvania,

...