# @cgtneurope on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DYRtEPEIFOT
- **Gondola URL:** https://gondola.cc/posts/65615692-cgtneurope-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/45d5527867.jpg
- **Posted:** 2026-05-13T11:09:17.000+00:00
- **Account Owner:** CGTN Europe (@cgtneurope) — https://gondola.cc/cgtneurope

## Caption

The US Senate has confirmed Kevin Warsh as a governor on the board of the Federal Reserve, clearing the way for him to take the reins of the central bank later this week.⁣
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The Senate voted 51-45 to confirm Warsh's appointment to the board for a 14-year term, with the results largely along party lines.⁣
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The Senate will hold a separate vote to confirm Warsh as the central bank's chair, taking over from incumbent Jerome Powell, whose term finishes at the end of this week.⁣
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US President Donald Trump has frequently insulted and criticized Powell, demanding the central bank lower interest rates faster, despite significant economic headwinds.⁣
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US consumer inflation came in at its highest year-on-year level since 2023 on Tuesday, registering at 3.8% in April, with significant increases in both energy and food prices.⁣
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Warsh has backed lower interest rates, despite price increases having outpaced the Fed's long-term two-percent target for years.⁣
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#fed #warsh #powell #us #usa #trump #donaldtrump

## Stats

- **Views:** 0
- **Likes:** 21
- **Shares:** 0
- **Comments:** 3

## Tags

powell, trump, warsh, fed, donaldtrump, usa, us

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