business
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Kevin Warsh Appointed Federal Reserve Board Chairman
June 12, 2026
Why it matters locally: As Federal Reserve chairman, Warsh will influence interest rate policy and monetary decisions affecting Maryland's banking sector, mortgage rates, and economic growth across the state.
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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