Kevin Warsh sworn in as new US Fed chair
Key takeaways
- Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.
- Warsh took the oath of office on Friday, following a contentious nomination period, with the Senate voting along party lines on both his confirmation to the Board of Governors and as chairman.
- Warsh, 56, will lead the central bank at a time when its independence has come under scrutiny amid political pressure on the historically non-partisan institution.
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Warsh will lead the central bank at a time when its independence has come under scrutiny amid political pressure.
xwhatsapp-strokecopylinkgoogle Add Al Jazeera on Googleinfo Kevin Warsh takes over as US Federal Reserve Chair at a time of rising inflation and pressure from US President Donald Trump to cut interest rates [File: AFP]By Andy Hickman Published On 22 May 202622 May 2026Kevin Warsh has been sworn in as the new chair of the United States Federal Reserve Board of Governors, succeeding Jerome Powell, who has held the position since 2018.
Warsh took the oath of office on Friday, following a contentious nomination period, with the Senate voting along party lines on both his confirmation to the Board of Governors and as chairman. Only Pennsylvania Senator John Fetterman broke with his Democratic colleagues to advance his nomination.