May 23, 2026, 5:35 AM EDT. Donald Trump has officially sworn in Kevin Warsh as chairman of the US Federal Reserve in a high-profile White House ceremony, signaling a shift in central bank leadership with uncharacteristic fanfare. Trump emphasized Warsh's independence but also expressed a clear preference for policies that allow the economy to boom without aggressive measures to curb inflation. Rising inflation at 3.8% and consumer confidence hitting record lows underscore the challenges ahead. Warsh inherits a Fed at a critical juncture marked by geopolitical tensions affecting energy prices and widespread economic uncertainty. Trump's focus remains on economic growth as a path to managing the national debt, setting the tone for Warsh's tenure amid calls for lower interest rates.
