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Warsh to be sworn in as Fed chair at White House on Friday, Fox Business reports

By Reuters Reuters
Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Elizabeth Frantz/File Photo
Kevin Warsh, U.S. President Donald Trump's nominee to be next chair of the Federal Reserve, testifies before a Senate Banking Committee confirmation hearing on Capitol Hill in Washington, D.C., U.S., April 21, 2026. REUTERS/Elizabeth Frantz/File Photo Elizabeth Frantz Reuters

WASHINGTON - Kevin Warsh will be sworn in as the next chairman of the U.S. Federal Reserve on Friday in a White House ceremony hosted by U.S. President Donald Trump, Fox Business reported on Monday, citing a White House official.

The U.S. Senate on Wednesday approved Kevin Warsh as chair of the Federal Reserve, putting the 56-year-old lawyer and financier at the helm as the U.S. central bank grapples with intensifying inflation that may make it hard to push through the interest-rate cuts that President Donald Trump has demanded.

Warsh, Trump's pick for Fed chair, presumably brings a fresh start in relations between the Oval Office and the central bank after eight years of friction with the White House, a global pandemic, and the fight with high inflation.

Warsh will take the leadership baton from Fed Chair Jerome Powell.

(Reporting by Jasper Ward and Daphne Psaledakis in Washington; editing by Michelle Nichols )

Copyright Reuters or USA Today Network via Reuters Connect.

This story was originally published May 18, 2026 at 11:55 AM.

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