2026-05-14
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Top stories.
America's Senate confirmed Kevin Walsh as chairman of the Federal Reserve.
The 54-45 vote was the closest since Senate approval became a requirement for the post in 1977.
Only one Democrat backed Mr. Walsh.
Now he must deal with rising inflation.
On Wednesday, the producer price index, a measure of wholesale inflation,
climbed by 6% in the 12 months to April, the biggest increase since December 2022.