Donald Trump Appoints Kevin Warsh as Chairman of the Federal Reserve
Friday was the day. Donald Trump formally swore in Kevin Warsh as the new chairman of the Federal Reserve. It was a big moment, replacing Jerome Powell whose term just wrapped up last week.
The whole thing happened at the White House. Supreme Court Justice Clarence Thomas was there to administer the oath. And he didn't hold back. He made a joke right after. Something about Warsh being sworn in. “Well, he’s sworn in!”
Warsh, who already had some history with the central bank—a former governor, remember—he spoke about what he wants to do. He’s aiming for a “reform-oriented Federal Reserve.” It sounds like he’s really focused on inflation , trying to nail down growth and, you know, take-home pay.
“Inflation can be lower, growth stronger and take-home pay can be higher,” he put out there after taking the job. It felt like a direct promise.
Then there was the personal side. Warsh added something about the work itself. “My goal now is to create an environment where the best people can do their best life’s work.” He thanked Trump for the nomination. A bit softer there, trying to sound less like a politician and more like someone focused on the job.
But even after the ceremony, the real focus, he said, is the work. “After we leave the stage, the real work begins. So let’s get to work.” A bit abrupt.
This whole appointment is happening right in the middle of all the noise about interest rates. Trump had been pushing the Fed hard to lower borrowing costs, always that.
When people asked if the new chief would actually cut rates, Treasury Secretary Scott Bessent just stayed quiet. Avoided making any predictions. Just kept it on the surface.
Bessent just said, “He’s going to do the right thing for inflation and growth.” Standard stuff.
Trump, though, made sure there was a note about independence. He stressed that Warsh needed to stay independent, even with all the pressure the central bank has been under.
“I want Kevin to be totally independent,” the president insisted. That felt like the real sticking point, didn’t it?
Other Republicans who showed up, like Glenn Youngkin from Virginia, they just didn't want to speculate on how Warsh would handle rate decisions. Silence. Just keeping it tight.
Markets, of course, are watching this thing closely. It’s all about signals. Inflation . Rates. Where the economy is actually headed. That’s what investors are looking for now.
After the swearing-in, Trump had plans. He was heading to Suffern, New York. Campaigning for Mike Lawler before the November elections. Then off to his golf resort in Bedminster, New Jersey. A whirlwind of activity right after the official business.
The leadership change at the Fed isn't just about a new name. It’s about what comes next. It’s about the ongoing debate over money and the economy. It’s messy, you know? It’s not just a clean timeline. It’s just… happening.
Written by Gree News Team — Senior Editorial Board
Gree News Team covers international news and global affairs at Gree News. Our collective of senior editors is dedicated to providing independent, accurate, and responsible journalism for a global audience.
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