business
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Kevin Warsh Appointed Federal Reserve Board Chairman
June 12, 2026
Why it matters locally: As chair of the Federal Reserve, Warsh will influence monetary policy decisions affecting California's economy, including interest rates that impact the state's real estate market, technology sector financing, and overall business conditions.
Kevin Warsh assumed the roles of chairman and member of the Board of Governors of the Federal Reserve System. Following this, the Federal Open Market Committee (FOMC) conducted a vote. The FOMC unanimously selected Warsh as its chairman.
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