Trump-Era Fed Pick Kevin Warsh Takes Charge Of U.S. Central Bank

Kevin Warsh was officially sworn in Friday as the new chairman of the U.S. Federal Reserve, replacing Jerome Powell after a politically divisive Senate confirmation process.

Warsh takes charge of the central bank at a time when inflation concerns and questions about the Fed’s independence dominate the economic debate. President Donald Trump, who has repeatedly pushed for lower interest rates, said Warsh should remain “totally independent” while leading the institution.

Kevin Warsh has now been sworn in as the Chair of the Federal Reserve, succeeding Jerome Powell as the 17th chair. pic.twitter.com/SSLQE3pwrA

— OSINTdefender (@sentdefender) May 22, 2026

During Senate hearings, Democratic lawmakers questioned whether Warsh would align too closely with Trump’s economic agenda. According to the report, Warsh rejected claims that he would serve political interests and insisted monetary policy decisions would remain independent.

Warsh inherits an economy facing persistent inflation pressures. Consumer prices rose 3.8% annually in April, while energy costs surged sharply amid tensions linked to the Iran conflict.

Federal Reserve minutes released recently warned inflation could remain elevated longer than expected. According to CME Group’s FedWatch tool, markets overwhelmingly expect rates to remain unchanged at the Fed’s June meeting.

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