WATCH LIVE: Trump swears in Kevin Warsh at the White House
President Trump is set to swear in Kevin Warsh as the new Federal Reserve chairman. Warsh replaces Jerome Powell, who was confirmed by the Senate in a close vote. Trump has indicated he will allow Warsh to make independent decisions regarding interest rates.
- ▪Kevin Warsh has been confirmed as the new Federal Reserve chairman.
- ▪He replaces Jerome Powell, who faced opposition from Trump over interest rate policies.
- ▪The swearing-in ceremony is scheduled for 11 a.m. on Friday.
Opening excerpt (first ~120 words) tap to expand
President Donald Trump is set to participate in the swearing-in ceremony of Kevin Warsh, the new Federal Reserve chairman. Warsh is replacing Jerome Powell as head of the central bank after the Senate confirmed the Trump appointee in a 54-45 vote last week. Recommended Stories Tobacco industry money causes MAHA-MAGA rift Todd Blanche to lobby GOP senators on ‘anti-weaponization’ fund Trump administration goes after Minnesota for banning prediction markets in the state TRUMP GOING TO LET WARSH ‘DO WHAT HE WANTS TO DO’ AT FED WITH INTEREST RATES In an interview with the Washington Examiner, Trump said he would let Warsh “do what he wants to do” with interest rates. Powell’s resistance to cutting interest rates was one of the reasons why Trump wanted him out of the leadership role.
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