Kevin Warsh has officially assumed the role of US Federal Reserve chair, with President Trump emphasizing his independence and urging a focus on economic growth.

Kevin Warsh, a former Fed governor with Solana and Polymarket investments, will be sworn in as Federal Reserve Chair on May 22 after a 54-45 Senate vote.

Rate hikes now loom as a possibility for Warsh's Fed, a sharp turn from the rate-cut environment that defined Trump's search for a new chair