Trump

Justice Clarence Thomas, right, administers the oath during the swearing in of Kevin Warsh as Chairman of the Federal Reserve, left, as Warsh's wife Jane Lauder looks on, in the East Room of the White House, Friday, May 22, 2026, in Washington.

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Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank

Warsh is sworn in as the Fed chair after Trump's bid for greater control over the independent bank

President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair. Trump said Friday that he'd like Kevin Warsh’s help in stimulating the economy even as the president tried to emphasize that the nation’s central bank would remain independent. Trump has spent months criticizing Warsh’s predecessor, Jerome Powell, for being reluctant to cut interests rates. Warsh noted the Fed’s mandate “is to promote price stability and maximum employment" and he pledged that the central bank would pursue those aims with “independence and resolve.” It was unusual that the ceremony didn't take place at the Fed's headquarters.