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What will a Warsh Fed look like?

From Marketplace, I'm Nancy Marshall-Genzor in Washington.

Kevin Warsh is officially the next chair of the Federal Reserve.

The Senate voted 54 to 45 to confirm Worse to a four-year term yesterday. He'll replace Jerome Powell,

who has led the Central Bank for the past eight years. Warsh will face a challenging economic environment as Marketplace's Henry Up reports.

Warsh's confirmation coincided with two reports this week showing inflation heating up again.

Consumer prices rose 3.8% in April, well above the Fed's target of 2%. And prices paid by wholesalers

rose at the fastest pace since 2022. That could mean

even higher consumer prices are still on the way. A worsening inflation picture makes it less likely

voting members of the Fed will want to lower interest rates. So Warsh could soon have to contend

with public pressure from President Trump, who's relentlessly pushed the Fed to lower borrowing costs.

Under Jerome Powell, Trump has attempted to fire Fed Governor Lisa Cook and the Department of Justice

began an investigation into Powell's oversight of a building renovation. I'm Henry App for Marketplace.

Residential rents can differ wildly depending on the market or even the building or neighborhood.

But according to the latest report from Realtor.com, the median listed rent across 50 of the biggest

metro areas fell in April, down 1.7% compared to the same month last year, and the 33rd month in a row that rents were lower year

over year. Marketplaces Carla Javier explains how that's possible when a lot of other things are

...