Kevin Warsh Assumes Command of the Federal Reserve Amid Anticipated Policy Shifts
Washington, Friday, 29 May 2026.
With unanimous FOMC backing, Kevin Warsh officially took the oath as Federal Reserve Chairman, signaling a pivotal transition for US interest rates and potential banking deregulation.
A New Era at the Helm of the Central Bank
Following his nomination by President Donald J. Trump on March 4, 2026, and a 54–45 United States Senate confirmation vote on May 13, Warsh formalized his appointment at a White House swearing-in ceremony on May 22 [1][5][6]. The 56-year-old succeeds Jerome Powell, whose term expired on May 15 [5][6]. Warsh’s tenure as chairman will run until May 21, 2030, while his term as a board member extends to January 31, 2040 [1].