Kevin Warsh was sworn in as the new leader of the US Federal Reserve at a critical time for monetary policy and the American economy.

Kevin Warsh, whose broad criticism of current US ⁠Federal Reserve officials, playbook for rate cuts and ties to President Donald Trump elevated him past ⁠other contenders to lead the central bank, was sworn in as Fed leader on Friday at a pivotal moment for monetary policy and the American economy. Warsh, wearing a dark suit and tie and accompanied by his wife, Jane Lauder, heiress to the Estee Lauder fortune, was sworn in by Supreme Court Justice Clarence Thomas after a lengthy introduction by....