Federal Reserve Confirms Kevin Warsh as Chair as Inflation Concerns Build

Kevin Warsh was sworn in Friday as chairman of the Federal Reserve, formally taking control of the central bank at a tense moment for the U.S. economy.

The Federal Reserve said Warsh took the oath as both chairman and a member of the Board of Governors, and that the Federal Open Market Committee unanimously selected him as its chairman. His term as Fed chair runs through May 21, 2030.

The leadership change comes as inflation pressure, higher gasoline prices tied to the Iran war and weakening consumer sentiment create a difficult policy backdrop for the central bank.

The political stakes are also high. Warsh was nominated by President Donald Trump, whose administration has pressed for stronger economic growth while saying the Fed will remain independent.

That leaves Warsh facing an immediate test: whether he can manage rate policy while protecting the central bank’s credibility.

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