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Washington: Kevin Warsh was sworn in as Federal Reserve chair on May 22 at a White House ceremony, taking office after a year-long public audition and prior criticism of his predecessor. Supreme Court Justice Clarence Thomas administered the oath, and Warsh pledged to lead a 'reform-oriented' Fed while emphasizing independence and the central bank's dual mandate. Friday's ceremony featured President Donald Trump urging independence even as he has pressured the Fed on interest rates; Mr Trump said Warsh should help the economy 'boom'. The appointment comes amid high inflation, oil-price shocks tied to Middle East tensions, tariff-driven costs and rapid AI-driven economic change, factors officials said will complicate real-time monetary policy assessments.

Prepared by Christopher Adams and reviewed by editorial team.