Incoming Federal Reserve chair Kevin Warsh will be sworn in at the White House on Friday, taking the reins of the US central bank as it faces unprecedented pressure from President Donald Trump to cut interest rates.

Trump will host Kevin Warsh’s swearing-in as Federal Reserve chair as he replaces Jerome Powell during a volatile phase for the US economy.

Never before has a chair of the US Federal Reserve been so controversial. Who is Kevin Warsh? Can he preserve the Fed's independence, or will he become Donald Trump's puppet?

Warsh is replacing Jerome Powell as head of the central bank after the Senate confirmed the Trump appointee in a 54-45 vote last week.