Trump swears in Kevin Warshswears in Kevin Warsh as Fed chair
President Donald Trump swore in Kevin Warsh as chair of the US Federal Reserve at the White House on Friday, bringing in a new leader for the central bank.
Warsh said he would pursue a reform-oriented approach as officials weigh inflation risks and the next move on interest rates. The change matters because Fed decisions shape borrowing costs, markets, and the outlook for the world’s largest economy.
White House
The administration presented Warsh as a strong choice who can lead the Federal Reserve independently while still aligning with Trump’s economic goals. Trump also publicly urged him to “do your own thing,” signaling an effort to calm concerns about political pressure on the central bank.
Federal Reserve Outlook
Warsh said he intends to lead a reform-oriented Federal Reserve and avoid static frameworks. That suggests a possible shift in how the bank balances inflation control with support for growth as price pressures remain a concern.
Market and policy analysts
Economists and investors will watch whether the new chair changes the Fed’s tone on rates, inflation, and institutional independence. The appointment comes at a sensitive moment because even small signals from the Fed can move markets worldwide.
- The Federal Reserve has 12 regional banks spread across the United States.
- Kevin Warsh previously served as a Fed governor during the 2008 financial crisis.
- White House swearing-in ceremonies are often used to project continuity during personnel changes.
