President Donald Trump swore in Kevin Warsh as the 11th chair of the Federal Reserve during a ceremony in the White House East Room on Friday [1, 3].
The appointment marks a significant shift in U.S. monetary policy leadership. By installing a chair aligned with his economic goals, Trump aims to ensure the central bank supports his broader financial agenda.
During the event on May 22, 2026 [2], Trump praised Warsh for his professional background. The president said Warsh is the most prepared candidate he has seen for the role [5]. This endorsement suggests a desire for a leader who can execute specific policy shifts quickly, a priority for the current administration.
Warsh assumes the role as the 11th person to lead the Federal Reserve [1]. The ceremony included a formal swearing-in and a speech delivered by Warsh following the oath. The transition comes at a time when the administration is seeking to implement a distinct economic strategy to drive national growth [5].
While some reports previously categorized Warsh as a nominee, the ceremony in the East Room finalized his transition into the leadership position [1, 4]. The appointment is intended to replace the previous leadership and align the Federal Reserve's direction with the executive branch's vision for the U.S. economy.
“Trump said Warsh is the most prepared candidate he has seen”
The installation of Kevin Warsh as Federal Reserve Chair signals a potential move away from the independence typically associated with the central bank. By selecting a leader he describes as the most prepared to implement his agenda, Trump is positioning the Fed to work in closer coordination with White House economic policy, which could influence future interest rate decisions and inflation targets.
