Kevin Warsh to be sworn in as Federal Reserve chair on Friday
Warsh will lead the central bank as it faces inflation and pressure for interest-rate cuts, after the Senate approved his nomination Wednesday.
- On Friday, President Donald Trump will swear in Kevin Warsh as the new chairman of the Federal Reserve at the White House, according to a White House official's statement reported by Fox Business on Monday.
- The Senate confirmed Warsh's appointment last Wednesday, positioning the 56-year-old lawyer and financier to lead the central bank through an economic landscape marked by inflationary pressures.
- Before succeeding Fed Chair Jerome Powell, Warsh testified before the Senate Banking Committee on Capitol Hill on April 21, 2026, establishing his credentials during the confirmation process.
- The appointment signals a fresh start in relations between the Oval Office and the Fed after eight years of friction, a global pandemic, and the fight with high inflation.
- Trump's nominee faces a difficult path as the Fed grapples with challenges that may complicate the interest-rate cuts the president has demanded to address the economic landscape.
54 Articles
54 Articles
New Fed Chair Pledges ‘Regime Change’ to Fight Inflation—Here’s What That Could Mean in Practice
Newly confirmed Federal Reserve Chair Kevin Warsh, pledging new tactics to fight inflation, faces an uphill battle to keep rising prices in check. At his April 21 Senate confirmation hearing, Warsh called for “a regime change in the conduct of policy” at the Fed under former chair Jerome Powell, whose tenure saw annual inflation exceed 8 percent during the Biden administration and has failed since 2021 to keep inflation below its target. “Once…
New president of the Fed takes office armed with the promise to promote a regime change, supposedly to strengthen the credibility of the Fed
Washington, United States. Kevin Warsh, elected by Donald Trump to head the Federal Reserve (Fed), will be sworn in this Friday at the White House in the presence of the U.S. president, told the AFP. Warsh's appointment, who will serve as president of the U.S. central bank for a period of four years, was validated on May 13 by the Senate. Warsh, who will have to deal with a Trump determined to influence monetary policy, will replace Jerome Powel…
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