May 22, 2026
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32:08Now PlayingPresident Trump on Friday morning will swear-in Kevin Warsh as the next chair of the Federal Reserve during a ceremony at the White House.
Warsh was confirmed by the Senate to replace outgoing chair Jerome Powell at the top of the nation's' central bank in a 54-45 vote earlier this month. He will now take on a tricky job of leading the Fed, where opinions among its board of governors are divided over cutting interest rates amid a volatile job market and as inflation rises.
Powell, who often clashed with Trump over the rates, is set to remain on the board until his term in that role expires in January 2028.
#kevinwarsh #trump #federalreserve
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