Trump to Swear In Kevin Warsh as Federal Reserve Chair

Kevin Warsh takes over the Federal Reserve amid pressure from President Trump for interest rate cuts, though markets bet rates will remain on hold

Justin Tomlinson

Editor-in-Chief, Mora Discover

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Trump to Swear In Kevin Warsh as Federal Reserve Chair

President Donald Trump will swear in Kevin Warsh as the chair of the Federal Reserve on Friday. The 56-year-old Warsh is set to become the 11th Fed chair of the modern banking era, taking charge of a central bank that must navigate a tumultuous economy.[2]

Warsh assumes leadership under a president who has very specific expectations regarding monetary policy, including demands for interest rate cuts. Despite President Trump's push for lower rates, financial markets are currently betting that the Federal Reserve will keep rates on hold through most, if not all, of 2026.[1][2]

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