Warsh to be sworn in at White House Friday
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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.
More context
Timeline
- 1. Warsh previously served on the Federal Reserve Board of Governors (2006–2011).
- 2. The Senate confirmed Kevin Warsh as Federal Reserve chair on May 13.
- 3. The White House announced Warsh will be sworn in at the White House on a Friday.
- 4. The Fed scheduled release of April 28–29 meeting minutes on the Wednesday before the swearing-in.
- 5. Kevin Warsh is set to be sworn in at the White House on Friday.
Why it matters
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.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
