Kevin Warsh Sworn In as Federal Reserve Chairman, Pledges Significant Shakeup
Kevin Warsh was officially sworn in as chairman of the US Federal Reserve on Friday, May 22, 2026. The ceremony took place in the East Room of the White House in Washington, D.C., where he shook hands with US President Donald Trump. Warsh assumes leadership of the central bank during a challenging period for the economy and has committed to implementing the most substantial operational changes in decades. He has also reportedly suggested a potential reduction in the Federal Reserve's public communications.
Kevin Warsh formally began his tenure as chairman of the US Federal Reserve, with a swearing-in ceremony held on Friday, May 22, 2026. The event took place in the East Room of the White House in Washington, D.C., where Warsh was seen shaking hands with US President Donald Trump.
Warsh takes the helm of the US central bank at a time described as tense for both the broader economy and the institution itself. He has pledged to initiate the biggest shakeup seen at the US central bank in decades, signaling a period of significant change under his leadership.
Reports indicate that Chairman Warsh has also hinted at a shift towards less frequent public communication from the central bank.
According to Bloomberg Markets, these developments mark a new chapter for the US Federal Reserve.
