Kevin Warsh was sworn in as the 17th chair of the Federal Reserve during a ceremony at the White House on Friday, May 22, 2026 [1], [2].
The appointment marks a pivotal shift in the leadership of the U.S. central bank. As the head of the Federal Reserve, Warsh will oversee monetary policy and financial regulation during a period of promised institutional change.
During the proceedings, Warsh expressed his commitment to the role and the nature of the institution. "It is the honor of a lifetime to re-enter public service," Warsh said.
Warsh indicated that his tenure would focus on updating the way the central bank operates. "I want a reform-oriented Federal Reserve," Warsh said [3]. He pledged to lead an independent agency, emphasizing a need for structural improvements within the Fed's framework.
President Donald Trump attended the ceremony and spoke regarding the independence of the new chair. Trump encouraged Warsh to operate without outside interference. "Just do your own thing and do a great job," Trump said.
The swearing-in ceremony on May 22, 2026 [2], formalizes Warsh's transition into the role. His previous experience in public service serves as the foundation for his approach to the 17th chair position [1].
“"I want a reform-oriented Federal Reserve."”
The appointment of Kevin Warsh signals a potential departure from previous Federal Reserve norms. By explicitly calling for a 'reform-oriented' approach, Warsh suggests that the central bank may undergo significant internal or policy shifts. The public emphasis on independence by both the new chair and the president highlights the ongoing tension between executive preference and the autonomous nature of monetary policy.
