June 17, 2026
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58:20Now PlayingDuring Kevin Warsh's swearing-in as chair of the Federal Reserve, President Donald Trump told the new chair to be "independent" and "don't look at me, don't look at anybody, just do your own thing and do a great job."
That'll soon be put to the test.
Warsh will probably need to deliver unwelcome news to Trump after his first meeting as Fed chair, as markets expect no change in the central bank’s benchmark interest rate despite Trump’s consistent calls for lower borrowing costs.
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