Published：Apr 29, 11:26Last updated：May 18, 20:42

Kevin Warsh Sworn In as Federal Reserve Chair Amid Leadership Transition

Apr. 29, 2026 11:26

US President Donald Trump has appointed Kevin Warsh as Federal Reserve chief, a choice that has alarmed experts. The decision was reported on April 29, 2026. Critics argue Warsh is unsuitable for handling major economic crises. The appointment reflects Trump's preferences over professional consensus. The move has sparked widespread concern.

Summarized

33News

17Media

May. 18, 2026 17:26

Kevin Warsh, the new head of the US Federal Reserve, will take the oath of office during a ceremony at the White House on May 22, 2026. Warsh was confirmed by the Senate on May 12 and will serve a 14-year term. Jerome Powell, the outgoing chairman, continues to serve in an acting capacity until Warsh is officially sworn in.

May. 18, 2026 20:42

Kevin Warsh will be sworn in as U.S. Federal Reserve chief on Friday by President Donald Trump, succeeding Jerome Powell. Warsh, a 56-year-old lawyer and financier, takes over as the Fed faces challenges with inflation and potential interest-rate cuts. Powell, whose term expired, remains on the Board of Governors amid a criminal probe into Fed building renovations. Warsh's confirmation faced delays due to the investigation but was ultimately approved by the Senate. The leadership transition comes at a critical time for the central bank's monetary policy decisions.

Kevin Warsh will be sworn in as Chairman of the Federal Reserve on May 22, 2026, during a White House ceremony hosted by President Donald Trump. The Senate confirmed Warsh by a 54-45 vote, succeeding Jerome Powell whose term ended on May 15. Warsh's nomination was announced on January 30 and submitted to the Senate in early March, with his confirmation marking a pivotal leadership change at the central bank during a period of economic uncertainty. China.org+2

🏛️ Inauguration and Transition Timeline

The swearing-in ceremony will occur at the White House on May 22, though Warsh's term officially began on May 20. Powell continues serving in an acting capacity until the inauguration. Warsh, a 56-year-old lawyer and financier, faces immediate challenges including inflation management and potential interest-rate adjustments. His 14-year term begins as the Fed navigates a criminal probe into building renovations under Powell’s tenure. RIA Novosti+2

💼 Policy and Market Implications

Financial markets are closely monitoring Warsh’s approach to monetary policy, particularly whether he will prioritize rate cuts favored by Trump or maintain the Fed’s independence. Analysts note his hawkish reputation and opposition to releasing meeting transcripts, signaling potential shifts in transparency practices. The transition coincides with global economic volatility, placing heightened scrutiny on Warsh’s first policy meeting in June 2026. The Korea Times+2

⏳ Confirmation and Political Context

Warsh’s confirmation followed partisan divisions, with only one Democrat supporting the nomination. The process was delayed by investigations into Fed operations but ultimately proceeded amid Trump’s push for influence over central bank policies. This leadership change represents one of the most contentious in Fed history, with long-term implications for U.S. economic strategy. China.org+2

Kevin WarshDonald TrumpJerome PowellFederal ReserveSenate Banking Committee