Kevin Warsh won Senate approval to be the next chairman of the Federal Reserve. He takes over at a time when soaring gasoline prices have put upward pressure on inflation. Andrew Harnik/Getty Images North America hide caption toggle caption Andrew Harnik/Getty Images North America President Trump's pick to lead the Federal Reserve won Senate confirmation on Wednesday, just in time to officially take over as the leader of the central bank this week. Trump is hoping Kevin Warsh can lead the Fed into much lower interest rates — but the president could be frustrated by persistent inflation. Warsh was confirmed on a 54-45 vote, mostly along party lines. He has argued there's room to lower rates, but he also promised to use his own judgment in setting monetary policy — and not to take orders from the White House. Warsh denied charges from Sen. Elizabeth Warren, D-Mass., that he would be Trump's "sock puppet." Warsh will replace Jerome Powell, who has led the Fed since 2018.…