Kevin Warsh to be Sworn In as New Federal Reserve Chair
President Donald Trump will swear in Kevin Warsh as the new chair of the Federal Reserve this Friday at the White House. Warsh succeeds Jerome Powell and is expected to focus on lowering interest rates while reducing the central bank balance sheet.
President Donald Trump will swear in Kevin Warsh as the chair of the Federal Reserve on Friday. Warsh replaces Jerome Powell following a near party-line confirmation vote on May 13. The appointment comes as the Fed considers raising rates to manage inflation stemming from trade tensions.
### Warsh to Lead Federal Reserve Warsh will serve a four-year term as chair and a 14-year term as a Fed governor. Trump selected the 56-year-old former governor to serve as a bulwark against further rate hikes. Warsh has frequently advocated for lowering interest rates while simultaneously reducing the central bank's balance sheet.
