WASHINGTON, DC - MAY 22: Kevin Warsh (L) takes the oath of office from U.S. Supreme Court Associate Justice Clarence Thomas (C) as his wife Jane Lauder and U.S. President Donald Trump (R) look on during his swearing-in ceremony to be the new Chairman of the Federal Reserve in the East Room of the White House on May 22, 2026 in Washington, DC. Warsh succeeds Jerome Powell, who served as Chair for eight years. (Photo by Roberto Schmidt/Getty Images)
WASHINGTON (AP) — 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.
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