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Kevin Warsh was sworn in Friday as the new chair of the U.S. Federal Reserve, taking over at a time when the Trump administration is closely watching the central bank’s handling of monetary policy.
The ceremony at the White House marked the end of a months-long clash between U.S. President Donald Trump and outgoing Fed Chair Jerome Powell, whose resistance to cutting interest rates repeatedly frustrated the administration.
Warsh used his first remarks as chair to frame the Fed’s next phase as a broader institutional overhaul rather than a routine leadership transition.
"To fulfill this mission, I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes, both escaping static frameworks and models, and upholding clear standards of integrity and performance," he said after taking the oath.
Warsh also outlined broader economic goals for the central bank, arguing that stronger policymaking could support growth while helping contain inflation.
"Inflation can be lower, growth stronger, real take-home pay higher, and America can be more prosperous," he stated.
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