New Chairman of the Federal Reserve Kevin Warsh listens as US president Donalkd Trump speaks during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)

US President Donald Trump speaks during a swearing in ceremony for new Chairman of the Federal Reserve Kevin Warsh in the East Room of the White House in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)

US President Donald Trump speaks during a swearing in ceremony for new Chairman of the Federal Reserve Kevin Warsh in the East Room of the White House in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)

US President Donald Trump speaks during a swearing in ceremony for new Chairman of the Federal Reserve Kevin Warsh in the East Room of the White House in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)

New Chairman of the Federal Reserve Kevin Warsh arrives during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)

New Chairman of the Federal Reserve Kevin Warsh waves as he arrives during a swearing in ceremony in the East Room of the White House in Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)

(FILES) This photograph shows a view of the French manufacturer of glassware Duralex' factory and the logo in La Chapelle-Saint-Mesmin near Orleans, centre France, on July 31, 2024. A state-ordered audit is underway at Duralex, a globally renowned glassware company that was taken over as a cooperative by its employees, due to a "tight" cash flow situation, the AFP learned on May 22, 2026 from Bercy, confirming a report by France Inter. (Photo by GUILLAUME SOUVANT / AFP via Getty Images)

(FILES) This photograph shows boxes of Duralex glasses displayed during the 'Made in France' trade fair in Porte de Versailles, in Paris on November 7, 2025. A state-ordered audit is underway at Duralex, a globally renowned glassware company that was taken over as a cooperative by its employees, due to a "tight" cash flow situation, the AFP learned on May 22, 2026 from Bercy, confirming a report by France Inter. (Photo by Thomas SAMSON / AFP via Getty Images)