Kevin Warsh takes over as Federal Reserve chairman during a period of economic turbulence that historically has tested new central bank leaders, with markets facing pressure from rising oil prices and inflation concerns.
Warsh must navigate a difficult choice between aggressively raising interest rates to control demand and inflation or maintaining easier monetary policy to support the stock market and economic growth.
Historically, market downturns have often coincided with transitions in Fed leadership, presenting immediate challenges for incoming chairs tasked with steering policy during volatile periods.
