Kevin Warsh Sworn In as Federal Reserve Chair
Kevin Warsh was sworn in as the 11th Federal Reserve chair of the modern banking era during a ceremony at the White House, where he took the oath of office from Supreme Court Justice Clarence Thomas. Warsh succeeds Jerome Powell, who served eight years and will remain on the board as a governor. During the event, President Trump emphasized that he wants Warsh to operate as a "totally independent" leader of the central bank. Warsh assumes leadership amid rising inflation concerns and a debate over the Fed's use of its balance sheet. While some analysts highlight price shocks as his primary challenge, others suggest a deeper "regime change" regarding financial plumbing and market stability may be his most significant task. The transition comes as the administration faces scrutiny over the…
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Kevin Warsh confirmed new Fed chair as inflation kicks higher, complicating the central bank's path
At Yahoo Finance she covers the Federal Reserve, Congress, the White House, the Treasury, the SEC, the economy, cryptocurrencies, and the intersection of Washington policy with finance. Follow her on X @Jenniferisms and on Instagram. Click here for the latest economic news and indicators to ...
Joe previously covered breaking news for Forbes and local news in Boston. Read Full Bio ... Washington — Kevin Warsh was sworn in as the chairman of the Federal Reserve on Friday, taking the reins of the central bank from Jerome Powell after a ceremony at the White House.
Warsh, 56, becomes the 11th Fed chair of the modern banking era and succeeds Jerome Powell, who served eight years and will stay on as a governor. "I want Kevin to be totally independent," Trump said at the start of Warsh's swearing-in ceremony.
Trump administration live updates: Intel chief Tulsi Gabbard to step down; Kevin Warsh replaces Jerome Powell as Fed chair
Kevin Warsh takes the oath of office from Supreme Court Justice Clarence Thomas as Warsh's wife, Jane Lauder, looks on. Roberto Schmidt / Getty Images ... Trump said in his remarks at the White House that he wants Warsh to serve as an "independent" chair of the Federal Reserve despite his frequent ...
Kevin Warsh sworn in as Fed chair as Trump faces backlash over economy | Donald Trump | The Guardian
Inside the East Room of the White House, Warsh received a standing ovation from attenders including the US supreme court justice Brett Kavanaugh, former vice-president Dan Quayle, ex-secretary of state Condoleezza Rice, the treasury secretary, Scott Bessent, and national economic council director Kevin Hassett. (Hassett was also widely reported to be in the running to succeed Powell as Fed chair...
The debate centers on whether the Fed should continue using its balance sheet as a regular tool for financial conditions and markets or reserve it for periods of market dysfunction and economic stress. Any effort to change the system could have wide ramifications, potentially impacting Treasury yields, mortgage rates and other interest-sensitive areas of the economy. Kevin Warsh, then U.S. President Donald Trump's nominee for Chair ...
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