BUSINESS

Warsh to be sworn in at White House Friday

PUBLISHED May 18, 2026, 3:33 PM ET

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Washington. Kevin Warsh will be sworn in as Chair of the U.S. Federal Reserve at the White House on Friday, President Donald Trump announced; the Senate confirmed Warsh to a four-year term in mid-May, and Jerome Powell served as acting chair to bridge the transition while an inquiry into Powell was resolved. This week the Federal Reserve will release minutes from its April 28–29 meeting that reveal deep divisions among policymakers, and markets and lawmakers are watching how those divisions, inflation at multi-year highs, and presidential pressure for rate cuts will influence Warsh's early decisions and the Fed's policy trajectory.

By Sarah Whitman | JQJO News

Timeline of Events

Warsh previously served on the Federal Reserve Board of Governors (2006–2011).
The Senate confirmed Kevin Warsh as Federal Reserve chair on May 13.
The White House announced Warsh will be sworn in at the White House on a Friday.
The Fed scheduled release of April 28–29 meeting minutes on the Wednesday before the swearing-in.
Kevin Warsh is set to be sworn in at the White House on Friday.

News Intelligence

Warsh's decisions as Federal Reserve Chair could impact your wallet. He'll influence interest rates, which affect your mortgage, credit card debt, and savings. Watch for any changes in Fed policy that could affect your financial plans.

Media Bias

Articles Published:: 6
Right Leaning:: 0
Left Leaning:: 1
Neutral:: 5

Who Benefited

President Donald Trump and advocates of lower interest rates may gain political leverage if Chair Kevin Warsh supports administration-favored easing and the perception of alignment between the White House and Fed policy makers strengthens investor confidence in near-term rate cuts.

Who Impacted

Federal Reserve institutional independence and officials advocating tighter monetary policy may suffer increased political pressure and credibility challenges as administration involvement in the chair's swearing-in and calls for deep rate cuts intensify scrutiny.

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