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Watch: Trump will swear in Kevin Warsh as Fed chair as he seeks interest rate cuts
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- Warsh, 56, will become the 11th Fed chair of the modern banking era and succeeds Jerome Powell, who served eight years.
- Powell, a major target of Trump's ire over his refusal to lower rates as quickly or steeply as the president desired, will continue to serve at the Fed as a governor.
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President Donald Trump will swear in Kevin Warsh as chair of the Federal Reserve on Friday, putting him in charge of a central bank that must navigate a tumultuous economy and a president with very specific expectations on interest rates.
Warsh, 56, will become the 11th Fed chair of the modern banking era and succeeds Jerome Powell, who served eight years.
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