Kevin Warsh assumed the position of Federal Reserve Chair during a ceremony at the White House. The event took place in the East Room and marked a departure from recent traditions.

On May 22, 2026, U.S. President Donald Trump observed as Kevin Warsh was sworn in by U.S. Supreme Court Associate Justice Clarence Thomas. Warsh was accompanied by his wife, Jane Lauder, during the ceremony. He takes over the role from Jerome Powell, who held the position for eight years.

Warsh’s appointment comes at a challenging time, as inflation in the United States continues to rise, largely due to the ongoing conflict in Iran. This situation is affecting everyday Americans and putting pressure on economic policymakers.

Attendees at the swearing-in included Treasury Secretary Scott Bessent, National Economic Council Director Kevin Hassett, and Justice Brett M. Kavanaugh.