Kevin Warsh sworn in as Fed chair

Kevin Warsh has begun his tenure as Federal Reserve Chairman with a promise to usher in a 'regime change' at the central bank.

During his swearing-in ceremony, President Trump urged Warsh to remain 'totally independent' while avoiding the perceived mistakes of his predecessor.

However, Warsh faces immediate pressure from a bond market that is already pricing in higher interest rates due to the ongoing conflict with Iran.

Financial analysts warn that his plans for sweeping reform may require significant patience as he navigates a volatile global economic landscape.