President Trump's meeting with Chinese President Xi Jinping comes as members of Congress are calling for a crackdown on China's ability to acquire U.S. farmland, citing national security concerns.
Fed chairs usually have a great deal of influence over the committee that sets interest rates, but their power is not absolute. And experts say Warsh will need to work to form consensus.
Kevin Warsh was confirmed by the Senate on Wednesday as the next Federal Reserve chair. Warsh will succeed Jerome Powell, whose term ends Friday. CBS News' Caitlin Huey-Burns has more.
