New Fed Chair, Congress Goes Home 

The big news for markets today is the swearing in of Kevin Warsh as the new chair of the Federal Reserve. His first FOMC meeting will be on June 16-17.   

At Warsh’s swearing in, the president addressed concerns about the White House trying to influence the central bank by declaring the Fed should be “totally independent.” 

Warsh will be facing a Fed board that is skeptical about lower interest rates. Our Hea...

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