Watch live: Trump to swear in Warsh as Federal Reserve chair
The Senate confirmed Warsh to replace outgoing Fed Chair Jerome Powell to lead the nation’s central bank in a 54-45 vote earlier this month. He will now take on the tricky job of leading the Fed, where opinions among its board of governors are divided over cutting interest rates amid a volatile job market and as inflation rises. Powell, who often clashed with Trump over the rates, is set to remain on the board until his term in that role expires in January 2028.
- ▪The Senate confirmed Warsh to replace outgoing Fed Chair Jerome Powell to lead the nation’s central bank in a 54-45 vote earlier this month.
- ▪He will now take on the tricky job of leading the Fed, where opinions among its board of governors are divided over cutting interest rates amid a volatile job market and as inflation rises.
- ▪Powell, who often clashed with Trump over the rates, is set to remain on the board until his term in that role expires in January 2028.
Opening excerpt (first ~120 words) tap to expand
Video Watch: Trump to swear in Warsh as Federal Reserve chair Comments: by The Hill staff - 05/22/26 9:59 AM ET Comments: Link copied by The Hill staff - 05/22/26 9:59 AM ET Comments: Link copied President Trump swore in Kevin Warsh as the next chair of the Federal Reserve during a ceremony Friday morning at the White House. The Senate confirmed Warsh to replace outgoing Fed Chair Jerome Powell to lead the nation’s central bank in a 54-45 vote earlier this month. He will now take on the tricky job of leading the Fed, where opinions among its board of governors are divided over cutting interest rates amid a volatile job market and as inflation rises. Powell, who often clashed with Trump over the rates, is set to remain on the board until his term in that role expires in January 2028.
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