{
    "success": true,
    "data": {
        "id": 1741642,
        "msgid": "the-fed-officially-has-a-new-leader-to-replace-jerome-powell-1780583786",
        "date": "2026-05-15 20:00:47",
        "title": "The Fed Officially Has a New Leader to Replace Jerome Powell",
        "author": "",
        "source": "DETIK_BALI",
        "tags": "",
        "topic": "Finance",
        "summary": "The US Federal Reserve (The Fed) has a new leader, Kevin Warsh, who was approved by the US Senate with a vote of 54 to 45. Warsh will replace Jerome Powell, whose term ends on 15 May 2026, after serving as governor of The Fed from 2006-2011. His appointment has garnered significant market attention, particularly given President Trump's repeated calls for The Fed to lower interest rates, although Warsh has affirmed his independence and will not make specific promises regarding interest rate policy.",
        "content": "<p>The US Federal Reserve (The Fed) officially has a new leader. He is\nKevin Warsh. The US Senate approved Warsh through a vote of 54 to\n45.<\/p>\n<p>As reported by detikFinance, Warsh will replace Jerome Powell, whose\nterm ends on 15 May 2026. Powell has held the position of The Fed\u2019s\nchairman for eight years.<\/p>\n<p>Warsh is not a new figure in the US financial world. He served as\ngovernor of The Fed from 2006-2011 and is known to be close to Wall\nStreet. In recent years, he has also been quite vocal in criticising the\nUS central bank\u2019s policies.<\/p>\n<p>The appointment of Warsh has attracted significant market attention\nbecause the US President, Donald Trump, has repeatedly urged The Fed to\nlower interest rates. However, during the confirmation process, Warsh\naffirmed that he would remain independent and would not make any\nspecific promises to Trump regarding the direction of interest rate\npolicy.<\/p>\n<p>On the other hand, the challenges faced by Warsh are not easy. US\ninflation is still above the 2% target, while energy prices have soared\ndue to the Iran war. This has led the market to doubt the possibility of\ninterest rate cuts in the near future.<\/p>\n<p>In addition, Warsh is also known to be critical of The Fed\u2019s\ncommunication style, which provides too much guidance to the market. He\nonce said that the central bank could become \u201ca prisoner of its own\nwords\u201d if it provides policy signals to the public too often.<\/p>\n<p>This article has been published on detikFinance. Read the full\narticle here!<\/p>\n<p>(iws\/iws)<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/the-fed-officially-has-a-new-leader-to-replace-jerome-powell-1780583786",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}