Kevin Warsh was sworn in as the 17th chair of the Federal Reserve on Friday at the White House [1], [4].
The appointment marks a significant shift in leadership for the U.S. central bank. As the primary body responsible for national monetary policy and interest rates, the Federal Reserve's direction under Warsh will be closely monitored by global financial markets.
President Donald Trump hosted the ceremony, marking the first time a Federal Reserve chief has taken the oath of office at the White House in nearly 40 years [3]. The event follows a confirmation process in the U.S. Senate that concluded earlier this month.
On May 13, 2026, the Senate approved Warsh's nomination in a 54–45 vote [2], [5]. The vote reflected a narrow margin of approval, which some reports said nearly followed party lines [6].
Warsh, a former Federal Reserve governor, now assumes leadership of the central bank during a period of intense scrutiny over economic policy [1]. His installation comes as the administration seeks to align the Federal Reserve's strategies with its broader economic goals.
The swearing-in on May 22, 2026, formally completes the transition of power at the head of the institution [2], [4].
“The Senate confirmed President Trump's nominee Kevin Warsh as the next chair of the Federal Reserve in a 54‑45 vote.”
The decision to hold the swearing-in ceremony at the White House is a departure from tradition and suggests a closer relationship between the executive branch and the central bank. This may lead to increased market speculation regarding the independence of the Federal Reserve's monetary policy from political influence.
