Kevin Warsh to be sworn in as Federal Reserve chair on Friday
Kevin Warsh is set to be sworn in as the new chair of the Federal Reserve on Friday. His confirmation follows a nearly party-line Senate vote and he will succeed Jerome Powell, who continues to serve temporarily. Warsh, the wealthiest person to hold the position, will need to divest significant investments to comply with new regulations.
- ▪Kevin Warsh will be sworn in as the Federal Reserve chair on Friday.
- ▪He was confirmed by the Senate in a nearly total party-line vote.
- ▪Warsh will succeed Jerome Powell, who continues to serve pro-tempore until the swearing-in.
Opening excerpt (first ~120 words) tap to expand
President Donald Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a ceremony Friday, a White House official told CNBC.The move will end a process that started in the summer of 2025 and culminated last week with the Senate confirming Warsh in a nearly total party-line vote. The new chair will succeed Jerome Powell, whose term expired Friday but who continues to serve on a pro-tempore basis until Warsh officially takes over.Once seated, Warsh, 56, will become the 11th chair in the modern era as well as the wealthiest person ever to hold the seat, based on financial disclosures he filed ahead of confirmation.
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