Svmuu News: The conflict between the U.S., Israel, and Iran has triggered a surge in oil prices, and market concerns about a resurgence of inflation have prompted Federal Reserve officials to consider pausing the recent series of interest rate cuts and even leave open the possibility of raising rates. However, this is the current Federal Reserve stance, and the central bank may soon welcome a new leader with a completely different view on inflation.CNBC notes that if Kevin Warsh is confirmed by the Senate, he will almost certainly support interest rate cuts even if oil prices rise sharply. Warsh is President Donald Trump’s nominee for the next Federal Reserve chair, set to succeed Jerome Powell, whose term expires on May 15.On Wednesday, Donald Trump formally submitted Warsh’s nomination to the Senate. Prior to his nomination, Warsh had stated that he believed interest rates should be lower than the current federal funds rate range of 3.5% to 3.75%; Donald Trump has also made it clear that Warsh was chosen because they share a desire to lower interest rates. However, these issues may ultimately prove to be mere theoretical discussions. Donald Trump The government has stated it already has plans to curb rising oil prices, and the war may end before Warsh takes office in May or June. (Jin Shi)