Kevin Warsh sworn in as new Fed chair, replacing Powell
Kevin Warsh has been sworn in as the new chairman of the Federal Reserve, succeeding Jerome Powell. The ceremony took place at the White House, where President Trump expressed his confidence in Warsh's abilities. Warsh has committed to maintaining the Fed's independence in monetary policy decisions.
- ▪Kevin Warsh was sworn in as the chairman of the Federal Reserve on May 22, 2026.
- ▪President Trump introduced Warsh during the swearing-in ceremony, emphasizing the importance of independence in his role.
- ▪Warsh has a history of preferring tighter monetary policy and has not indicated whether he will pursue rate cuts.
Opening excerpt (first ~120 words) tap to expand
Politics Kevin Warsh sworn in as new Fed chair at White House, replacing Powell By Joe Walsh Joe Walsh Senior Editor, Politics Joe Walsh is a senior editor for digital politics at CBS News. Joe previously covered breaking news for Forbes and local news in Boston. Read Full Bio Joe Walsh Updated on: May 22, 2026 / 12:11 PM EDT / CBS News Add CBS News on Google Washington — Kevin Warsh was sworn in as the chairman of the Federal Reserve on Friday, taking the reins of the central bank from Jerome Powell after a ceremony at the White House.President Trump introduced Warsh in the White House East Room, addressing a crowd that included Supreme Court justices, members of Congress, Cabinet members and business leaders. Justice Clarence Thomas swore Warsh into office.
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