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Kevin Warsh becomes 17th Fed chair amid rising inflation and an uncertain economy

05:16
Kevin Warsh testifies during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington Tuesday, April 21, 2026. (Jose Luis Magana/AP)
Kevin Warsh testifies during his nomination hearing to be a member and chairman of the Federal Reserve Board of Governors before the Senate Banking, Housing and Urban Affairs Committee on Capitol Hill, in Washington Tuesday, April 21, 2026. (Jose Luis Magana/AP)

Federal Reserve Kevin Warsh's predecessor, Jay Powell, endured extreme political pressure from President Trump to lower interest rates.

Here & Now's Peter O'Dowd speaks with Loretta Mester, former president and CEO of the Federal Reserve Bank of Cleveland.

This segment aired on May 15, 2026.

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