⚡️ Kevin Warsh has been confirmed by the US Senate as the new Fed Chairman and will take office tomorrow, May 15th, replacing Powell. 🟢 According to Bloomberg, the US Senate confirmed Kevin Warsh as the Chairman of the Federal Reserve with a 54-45 vote. 🟢 This is the closest confirmation margin ever for a Fed Chairman. 🟢 The market is now closely watching whether Warsh will support Donald Trump's desire to lower interest rates. 🟢 However, in his confirmation hearing, Warsh affirmed that the Fed's monetary policy will remain "completely independent." 🟢 If Kevin doesn't lower interest rates, Trump will probably criticize him even more harshly than he criticized Powell! 🤣 #MarketOverloadWeek #WarshFedEraBegins