Trending Now - New Fed Chair Kevin Warsh Takes Office Amid Rate Cut Doubts
WHO:
CNBC - Kevin Warsh is the nominee for chairman of the Federal Reserve.
CNBC - President Trump will swear in Kevin Warsh.
CNBC - Jerome Powell is the outgoing chair of the Federal Reserve.
WHAT:
Cointelegraph - Experts voiced concerns that the confirmation of Kevin Warsh as Federal Reserve chair would lead to uncertainty about the central bank’s independence, particularly in setting interest rates.
Bloomberg Markets - Kevin Warsh is poised to take the helm of the US central bank facing pressure from the White House to deliver interest-rate cuts and growing resolve from his colleagues to stand pat.
CNBC - Kevin Warsh is 56 years old.
CNBC - The Senate confirmed Warsh in a nearly total party-line vote last week.
CNBC - The Federal Reserve has missed its inflation target of 2% for more than five years running.
CNBC - Kevin Warsh will be sworn in as Federal Reserve chair during a ceremony.
CNBC - The Senate confirmed Warsh in a nearly total party-line vote.
Cointelegraph - Experts voiced concerns about uncertainty regarding the Federal Reserve's independence.
CNBC - Warsh will become the 11th chair in the modern era of the Federal Reserve.
CNBC - Warsh will be the wealthiest person ever to hold the position based on financial disclosures.
WHERE:
The Washington Post - The swearing-in ceremony for Kevin Warsh will take place at the White House, marking a departure from recent tradition where such ceremonies have typically occurred at the Federal Reserve.
CNBC - The confirmation hearing took place in the Dirksen building.
WHEN:
CNBC - Kevin Warsh is set to be sworn in on Friday.
CNBC - Warsh's confirmation process began in the summer of 2025.
CNBC - Jerome Powell's term expired on Friday.
WHY:
Bloomberg Markets - The bond market is piling on pressure against Warsh’s bias for rate cuts.
CNBC - Trump nominated Warsh with expectations that the post-Powell Fed will resume lowering interest rates, as it did three times in 2025.
The Washington Post - The choice of the White House for the ceremony reflects President Trump's personal stake in the top Fed role amid ongoing concerns about the central bank's independence.
CNBC - Trump nominated Warsh with expectations that the Federal Reserve will resume lowering interest rates.
CNBC - The Federal Reserve has missed its inflation target of 2% for more than five years.
HOW:
CNBC - Warsh will have to divest himself of much of the investments that he has accrued in his portfolio to comply with stringent new regulations adopted for Fed officials.
CNBC - Kevin Warsh will have to comply with stringent new regulations adopted for Fed officials, which require him to divest much of his investment portfolio.
CNBC - Warsh will have to divest much of his investment portfolio to comply with new regulations for Fed officials.
(UPDATED May 19, 2026 21:22 UTC)
Experts are expressing concerns that Kevin Warsh's confirmation as chair of the Federal Reserve could create uncertainty regarding the central bank's independence, especially when it comes to setting interest rates. As Warsh prepares to lead the US central bank, he faces pressure from the White House to implement interest-rate cuts, while his colleagues seem increasingly inclined to maintain the current rates. Additionally, the bond market is intensifying pressure against Warsh's inclination toward rate cuts.
--
(UPDATED May 19, 2026 10:13 UTC)
Kevin Warsh, who is 56 years old, was confirmed by the Senate in a nearly total party-line vote last week. Trump nominated Warsh with the expectation that the Federal Reserve, which has missed its inflation target of 2% for over five years, will begin lowering interest rates again, similar to the three rate cuts seen in 2025. To comply with stringent new regulations for Fed officials, Warsh will need to divest a significant portion of his investment portfolio.
--
(UPDATED May 19, 2026 08:08 UTC)
Kevin Warsh will be sworn in at the White House, a departure from the usual Federal Reserve setting, highlighting President Trump's personal interest in the central bank's leadership. This choice comes amid ongoing concerns regarding the independence of the Fed. As part of his new role, Warsh will need to adhere to strict regulations that mandate he divest a significant portion of his investment portfolio.
--
(UPDATED May 19, 2026 06:23 UTC)
Kevin Warsh has been nominated as the new chairman of the Federal Reserve, with President Trump set to swear him in during a ceremony on Friday. Warsh, who will be the wealthiest person to ever hold this position, was confirmed by the Senate in a nearly total party-line vote, following a confirmation process that began in the summer of 2025. As he steps into this role, Warsh will need to divest much of his investment portfolio to comply with new regulations for Federal Reserve officials, amid ongoing concerns about the Fed's independence and its struggle to meet inflation targets.