Kevin Warsh replaces Jerome Powell as Fed Chair after being sworn in at White House

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.AllNewsSportCultureLifestylePresident Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair, Kevin Warsh, as he tried to emphasize that the nation's central bank would remain independent.This statement marks a significant shift from Trump's previous stance, where he spent years attempting to pressure the central bank into lowering interest rates. Trump had frequently attacked Warsh's predecessor, Jerome Powell, whom he appointed, for refusing to align with his calls for lower interest rates, even questioning Powell's loyalty. During his 2024 campaign and after returning to power, Trump continued his criticism of the Fed, attempting to stack its board with loyalists and initiating investigations against officials. Kevin Warsh, sworn in by Justice Clarence Thomas, pledged to lead a "reform-oriented Federal Reserve" focused on integrity and performance, drawing inspiration from Alan Greenspan. In fullKevin Warsh sworn in by Clarence Thomas as Trump claims he wants ‘independent’ Fed Reserve under his hand-picked chairThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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