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Kevin Warsh sworn in as Federal Reserve chair at White House

financeMay 22, 2026201,249

President Donald Trump administered the oath to Kevin Warsh at the White House today, installing Warsh as the new chair of the Federal Reserve. Warsh arrives as a vocal critic of the Fed's recent policy, has close ties to President Donald Trump, and has advocated cutting interest rates. Markets are betting the Fed will stay on hold through most of 2026, setting up a potential clash between Warsh's push for lower rates and expectations for policy continuity. His leadership matters because the Fed chair sets U.S. interest rates, directly affecting mortgage, loan, and global borrowing costs amid ongoing inflation and political pressure.

Elizabeth Warren
@warren.senate.gov

Kevin Warsh starts his tenure with his credibility in tatters. He's proven himself to be Donald Trump's sock puppet. And he refuses to answer who cut him a $100 million check for his secret investments – and what they may want from him as the new Fed Chair.

71418d ago
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