Kevin Warsh has been officially sworn in as the new Chair of the Federal Reserve, following his appointment by President Trump. This move places Trump in a position of direct accountability for the U.S. economy's performance, as Warsh's policies are seen as an extension of "Trump Economics." The U.S. faces significant economic pressures, with the 30-year mortgage rate exceeding 6.5%, PCE inflation at 3.5%, and gasoline prices averaging over $4.55 per gallon. Warsh's appointment comes at a time of heightened market concerns over inflation and potential interest rate hikes, which could impact Republican prospects in the upcoming midterm elections. Warsh has expressed a preference for reducing forward guidance and increasing policy uncertainty, a stance that has led to the highest level of dissenting votes at the Fed's April meeting in nearly three decades, highlighting internal divisions.