{"id":70294,"date":"2026-05-21T19:22:35","date_gmt":"2026-05-21T23:22:35","guid":{"rendered":"https:\/\/tvdelmarva.com\/wp\/kevin-warsh-set-to-be-sworn-in-as-new-federal-reserve-chair-friday\/"},"modified":"2026-05-21T19:22:35","modified_gmt":"2026-05-21T23:22:35","slug":"kevin-warsh-set-to-be-sworn-in-as-new-federal-reserve-chair-friday","status":"publish","type":"post","link":"https:\/\/tvdelmarva.com\/wp\/kevin-warsh-set-to-be-sworn-in-as-new-federal-reserve-chair-friday\/","title":{"rendered":"Kevin Warsh Set to Be Sworn In as New Federal Reserve Chair Friday"},"content":{"rendered":"\n
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President Donald Trump will conduct a swearing-in ceremony for Kevin Warsh as the new Federal Reserve chairman this Friday at the White House, according to an announcement from the Trump administration on Thursday.<\/p>

The confirmation of Warsh occurred on May 13 through a vote that largely followed party lines. Warsh will be replacing Jerome H. Powell in the top position at the nation’s central bank, although Powell will continue serving as a board member through 2028.<\/p>

At 56 years old, Warsh will hold the chairman position for four years and serve as a Fed governor for 14 years. Trump chose Warsh as a counterforce to additional interest rate increases. Warsh has consistently advocated for reducing rates while also cutting back the Fed’s balance sheet.<\/p>

Warsh assumes leadership while other board members are considering raising rates to combat inflation linked to Trump’s military conflict in Iran. According to meeting minutes released on Wednesday, most Fed policymakers during their April 28-29 gathering believed “some policy firming would likely become appropriate” should inflation continue to exceed the central bank’s 2% goal.<\/p>","protected":false},"excerpt":{"rendered":"

President Trump will administer the oath of office to Kevin Warsh as the new Federal Reserve chairman at the White House on Friday. The 56-year-old Warsh was confirmed earlier this month and will replace Jerome Powell, who remains on the Fed board until 2028.<\/p>\n","protected":false},"author":4,"featured_media":70293,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[833],"tags":[],"class_list":["post-70294","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-politics"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779405755733.jpg?fit=450%2C300&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/pbtNqq-ihM","jetpack-related-posts":[{"id":68415,"url":"https:\/\/tvdelmarva.com\/wp\/kevin-warsh-set-to-take-oath-as-federal-reserve-chairman-this-friday\/","url_meta":{"origin":70294,"position":0},"title":"Kevin Warsh Set to Take Oath as Federal Reserve Chairman This Friday","author":"Admin","date":"May 18, 2026","format":false,"excerpt":"Kevin Warsh will be officially sworn in as the new Federal Reserve chairman on Friday at the White House, according to administration officials. The 56-year-old lawyer and financier was confirmed by the Senate last Wednesday and will replace Jerome Powell as head of the central bank.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1779126002827.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":66196,"url":"https:\/\/tvdelmarva.com\/wp\/senate-confirms-kevin-warsh-as-new-federal-reserve-chairman-2\/","url_meta":{"origin":70294,"position":1},"title":"Senate Confirms Kevin Warsh as New Federal Reserve Chairman","author":"Admin","date":"May 13, 2026","format":false,"excerpt":"The U.S. Senate has confirmed Kevin Warsh to lead the Federal Reserve, replacing Jerome Powell at President Trump's request. Warsh takes control of the central bank during economic challenges stemming from ongoing conflict with Iran that has driven up energy costs.","rel":"","context":"In "Business"","block_context":{"text":"Business","link":"https:\/\/tvdelmarva.com\/wp\/category\/business\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778708311729.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778708311729.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778708311729.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778708311729.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":65090,"url":"https:\/\/tvdelmarva.com\/wp\/trumps-federal-reserve-pick-kevin-warsh-advances-in-senate-confirmation-process\/","url_meta":{"origin":70294,"position":2},"title":"Trump’s Federal Reserve Pick Kevin Warsh Advances in Senate Confirmation Process","author":"Admin","date":"May 11, 2026","format":false,"excerpt":"Kevin Warsh, President Trump's nominee to lead the Federal Reserve, passed a crucial Senate procedural vote Monday, bringing him one step closer to replacing Jerome Powell. The Senate could confirm Warsh as Fed governor as early as Tuesday, followed by a vote on his nomination as Fed chair by Wednesday.","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/tvdelmarva.com\/wp\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778545401779.jpg?fit=450%2C300&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":66038,"url":"https:\/\/tvdelmarva.com\/wp\/senate-poised-to-confirm-trumps-fed-chair-pick-kevin-warsh\/","url_meta":{"origin":70294,"position":3},"title":"Senate Poised to Confirm Trump’s Fed Chair Pick Kevin Warsh","author":"Admin","date":"May 13, 2026","format":false,"excerpt":"The U.S. Senate is expected to vote Wednesday on confirming Kevin Warsh as the new Federal Reserve chairman, replacing Jerome Powell. Warsh takes over during challenging economic times with inflation above target levels and rising gas prices affecting the economy.","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/tvdelmarva.com\/wp\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778686822363.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778686822363.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778686822363.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/05\/news-1778686822363.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":59256,"url":"https:\/\/tvdelmarva.com\/wp\/senate-panel-advances-trumps-fed-chair-pick-kevin-warsh-in-party-line-vote\/","url_meta":{"origin":70294,"position":4},"title":"Senate Panel Advances Trump’s Fed Chair Pick Kevin Warsh in Party-Line Vote","author":"Admin","date":"April 29, 2026","format":false,"excerpt":"The Senate Banking Committee approved Kevin Warsh's nomination to lead the Federal Reserve in a 13-11 party-line vote Wednesday. Warsh would replace current Fed Chair Jerome Powell, whom Trump has frequently criticized for not lowering interest rates enough.","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/tvdelmarva.com\/wp\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1777477167116.jpg?fit=1000%2C666&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1777477167116.jpg?fit=1000%2C666&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1777477167116.jpg?fit=1000%2C666&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/04\/news-1777477167116.jpg?fit=1000%2C666&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":28889,"url":"https:\/\/tvdelmarva.com\/wp\/warsh-fed-nomination-stalls-as-gop-senator-blocks-over-powell-investigation\/","url_meta":{"origin":70294,"position":5},"title":"Warsh Fed Nomination Stalls as GOP Senator Blocks Over Powell Investigation","author":"Admin","date":"February 27, 2026","format":false,"excerpt":"President Trump's pick for Federal Reserve chair, Kevin Warsh, faces confirmation delays as a Republican senator blocks the nomination over a Justice Department probe into current Fed chief Jerome Powell. The standoff comes as Powell's term expires in May, creating uncertainty about the central bank's leadership.","rel":"","context":"In "Politics"","block_context":{"text":"Politics","link":"https:\/\/tvdelmarva.com\/wp\/category\/politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/tvdelmarva.com\/wp\/wp-content\/uploads\/2026\/02\/news-1772216324067.jpg?fit=450%2C302&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/70294","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/comments?post=70294"}],"version-history":[{"count":0,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/posts\/70294\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media\/70293"}],"wp:attachment":[{"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/media?parent=70294"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/categories?post=70294"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tvdelmarva.com\/wp\/wp-json\/wp\/v2\/tags?post=70294"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}