US Fed Res Bank – new captain faces storm ahead

     Kevin Warsh has been confirmed by the US Senate as chair of the Federal Reserve, one of the most powerful roles in the federal government that holds enormous sway over the economy.At a 54-45 Senate vote it was most divisive confirmation vote for the position in history. He will officially step into the role on 14 May, when the term of outgoing Fed chair, Jerome Powell ends, taking over as the central bank faces immense pressure from the Trump administration to lower rate