Kevin Warsh Sworn In as Federal Reserve Chairman
Kevin Warsh was sworn in as Chairman of the Federal Reserve on Friday, May 22, 2026, during a White House ceremony hosted by Supreme Court Justice Clarence Thomas. Warsh succeeds Jerome Powell, taking over one of the world's most powerful economic positions with a stated commitment to a "reform-oriented" agenda for the central bank. His appointment comes amid significant debate regarding the Fed's independence. While Warsh has vowed not to be a puppet of President Donald Trump, critics and economists express concern that political pressure for interest rate cuts could clash with rising inflation. Some analysts warn that such interference could undermine economic progress and create instability for Wall Street.
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Kevin Warsh, the new chair of the US Federal Reserve, returns to the central bank with an ambitious reform agenda and the looming threat of intimidation by the man who nominated him: US President Donald Trump.That language echoes Trump, whose administration has called for the Federal Reserve ...
Kevin Warsh, chairman of the US Federal Reserve nominee for US President Donald Trump, is sworn in during a Senate Banking, Housing, and Urban Affairs Committee confirmation hearing on April 21, 2026 in Washington, DC.Chen Mengtong/China News Service/VCG - Getty Images
Opinion: President Donald Trump Has Set New Fed Chair Kevin Warsh Up for Failure -- and Wall Street Will End Up Paying the Price | The Motley Fool
Between August 2008 and March 2022, the total assets held by Federal Reserve banks (primarily U.S. Treasury bonds and mortgage-backed securities) jumped roughly tenfold to nearly $9 trillion. As of May 13, 2026, the Fed had over $6.7 trillion in assets on its balance sheet. Kevin Warsh Nomination: ...
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