22.05.2026 21:10
A new era has officially begun at the U.S. Central Bank. Kevin Warsh, nominated by President Donald Trump, was sworn in as Chairman of the Federal Reserve during a ceremony at the White House. After taking office, Warsh, who has become the focus of both economic circles and markets, has promised a reform-oriented management approach that will balance price stability and growth, while Trump emphasized that the new chairman must act independently.
Kevin Warsh, nominated by US President Donald Trump for the chairmanship of the US Federal Reserve (Fed), officially assumed office after taking the oath at a ceremony held at the White House. While the ceremony drew attention because Fed chairs usually take office within the institution, the swearing-in at the White House was recorded as a first in nearly 39 years.
TRUMP: NO ONE IS MORE QUALIFIED TO LEAD THE FED
Speaking at the swearing-in ceremony, Trump highlighted Warsh's educational background and public experience, arguing that he is the right person to lead the US central bank.
Trump noted that Warsh, at age 35, was one of the youngest members of the Fed's Board of Governors in its history, emphasizing his respect for the institution. Stating that he wants the new Fed Chair to act independently, Trump conveyed the message, "I want Kevin to be completely independent. Let him act according to his own convictions without looking to me or anyone else."
CRITICIZED THE DIRECTION OF THE FED
In his speech, Trump also criticized the Fed's policies in recent years, arguing that the institution has strayed from its core duties. He stated that focusing on issues such as climate policies, diversity, and inclusivity has pushed the Fed's primary responsibilities to the background.
Trump said that during the previous administration, budget deficits grew and inflation pressure increased, claiming that Warsh would rebuild trust in the Fed.
"WE WANT TO LOWER INFLATION BUT WE DON'T WANT TO STOP GROWTH"
Trump noted that Warsh's economic approach differs from some of his predecessors, stating that economic growth is not synonymous with inflation.
Expressing his expectation that the new Fed leadership would create a model that supports economic growth while maintaining price stability, Trump said Warsh would take steps toward reform and modernization within the institution. This includes updating data collection methods and reassessing the models used in decision-making processes.
WARSH: I WILL LEAD A REFORM-FOCUSED FED
Warsh, who officially took office after taking the oath, said in his speech that he takes on the role with energy and determination.
Emphasizing the Fed's goals of price stability and maximum employment, Warsh stated that achieving these aims with independence and clarity would make lower inflation, stronger growth, and higher real income levels possible.
Warsh said, "By learning from past successes and mistakes, I will lead a reform-focused Fed that moves away from static frameworks and prioritizes integrity and performance standards."
A FIRST IN 39 YEARS AT THE WHITE HOUSE
Trump nominated Warsh for the Fed chairmanship on January 30. The US Senate confirmed the nomination on May 13.
Kevin Warsh is a graduate of Stanford University and Harvard Law School. Having previously served on the Fed's Board of Governors from 2006 to 2011, Warsh is among the key figures to be closely watched regarding the direction of monetary policy in the new term.
The last Fed chair to take the oath at the White House was Alan Greenspan in 1987.