Senate Confirms Kevin Warsh as New Federal Reserve Chair
The US Senate confirmed Kevin Warsh as a Federal Reserve Governor and advanced his nomination for Chair, succeeding Jerome Powell. This transition, driven by President Trump’s administration, occurs amid rising inflation and significant internal Fed division. Warsh’s confirmation signals a potential shift toward lower interest rates and closer Treasury coordination, despite concerns over central bank independence. The move marks a pivotal change in US monetary policy leadership, with Warsh set to influence economic strategy and rate decisions during a period of geopolitical uncertainty and mixed economic indicators.
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The Ghosts of 1987 Appear: Kevin Warsh, Alan Greenspan, and How to Invest Safely Under a New Fed Chair
On May 22, 2026, Kevin Warsh was sworn in as the 17th chair of the Federal Reserve in a ceremony at the White House East Room alongside President Donald Trump, breaking with the tradition of holding the oath at the Fed's headquarters. The article draws striking parallels to August 1987 when Alan Greenspan was similarly sworn in at the White House, just months before the Black Monday crash of October 19, 1987, when the S&P 500 fell over 20% in a single day. The author, a Wall Street veteran from that era, notes that the 1987 crash was followed by a steady recovery. The location of the ceremony is interpreted as a signal of the executive branch's desire for closer ties with the central bank, raising concerns about Fed independence. The article provides historical market context and suggests investors should be cautious given the eerie structural coincidences.
Yahoo FinanceFed Chair Kevin Warsh Sworn In at White House Amid Stagflation Fears and Historical Crash Parallel
Kevin Warsh was sworn in as Federal Reserve Chair at the White House on May 27, 2026, in a ceremony that drew historical parallels to Alan Greenspan's 1987 swearing-in, which preceded the Black Monday stock market crash. The article highlights that the S&P 500 trades at 25 times forward earnings, well above the 10-year average of 19, leaving markets vulnerable. Warsh inherits a challenging economic environment with stagflationary pressures: inflation at 3.8% year-over-year, unemployment rising to 4.3%, and political pressure for rate cuts despite the need for inflation-fighting hikes. Historical data shows new Fed chair transitions coincide with an average 12% S&P 500 decline in the first three months, though markets typically recover within a year. The article also notes additional pressures from Iran war oil price shocks and supply disruptions.
Yahoo FinanceFed Chair Kevin Warsh Sworn In at White House Amid Stagflation Fears and Historical Crash Parallel
On May 27, 2026, Yahoo Finance reported that newly appointed Federal Reserve Chair Kevin Warsh was sworn in at the White House in a ceremony reminiscent of Alan Greenspan's 1987 swearing-in, which preceded the Black Monday stock market crash. The article highlights that the S&P 500 is trading at 25 times forward earnings, well above its 10-year average of 19, while the U.S. faces stagflationary pressures: rising inflation at 3.8% year-over-year, slowing employment growth, and unemployment at 4.3%. Political pressure is mounting for rate cuts, but the economy may require inflation-fighting hikes. Historical data shows that new Fed chair transitions often coincide with market volatility, with the S&P 500 declining an average of 12% in the first three months after a new chair takes office, though markets typically recover within a year. The article also includes a promotional segment for AI stock picks.
Yahoo FinanceNew Fed Chair Kevin Warsh Faces Inflation Surge and Rate Hike Expectations
President Donald Trump has selected Kevin Warsh as the new Federal Reserve chair, tasking him with pushing forward rate cuts. However, Warsh immediately faces rising inflation driven by the war in Iran and soaring energy prices, which have pushed inflation to its highest level in nearly three years. This has replaced rate-cut expectations with the likelihood of rate hikes in the near future. During the nomination ceremony, Trump stated he wanted Warsh to be 'totally independent,' while Warsh said he plans to lead a 'reform-oriented' central bank. The combination of rising inflation and a fragile jobs market will make any policy course changes difficult for the new chair.
All Articles on Seeking Alpha3 Things to Know About Kevin Warsh, the New Fed Chair
Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve on May 22, 2026, replacing Jerome Powell after a narrow Senate vote. The article outlines three key aspects of his leadership: First, Warsh is hawkish on inflation, advocating for a leaner Fed balance sheet and faster quantitative tightening, with the federal funds rate at 3.50-3.75% and inflation at 3.3%. Second, he has a pro-crypto stance, calling Bitcoin a 'sustainable store of value' and disclosing over $100 million in digital asset exposure, creating a paradox for traders as his hawkish rate policy is bearish short-term but his crypto-friendly view reframes long-term prospects. Third, his background as a former Fed governor, Bush-era adviser, and Wall Street financier signals a less interventionist Fed. Markets are already pricing in this shift, with crypto traders watching closely.
Yahoo FinanceKevin Warsh Sworn In as Fed Chair With Lowest Senate Votes Ever Amid Independence Concerns
Kevin Warsh was sworn in as Federal Reserve chair at the White House on May 25, 2026, in a ceremony reminiscent of Alan Greenspan's 1987 swearing-in hosted by Ronald Reagan. Warsh's confirmation received the lowest number of Senate votes in Fed history, driven by concerns he would act as a presidential loyalist. However, CNBC analyst Mike Santoli argued that the current macroeconomic backdrop—including headline PCE at 3.5% year-over-year, core PCE at 3.2%, and energy inflation spiking 11.56% month-over-month due to the Iran conflict—gives Warsh cover to maintain a hawkish stance and resist White House pressure for near-term rate cuts. S&P Global noted the Iran conflict is causing increasingly evident damage to growth and prices. The FOMC remains hawkish, and markets are not pricing meaningful near-term cuts, shifting the policy burden to inflation data rather than presidential loyalty.
Yahoo FinanceTrump Tells New Fed Chair Warsh to 'Just Do Your Own Thing' at Swearing-In Ceremony
Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve on May 22, 2026, inheriting an economy with the federal funds rate at 3.75%, core PCE inflation at the 91st percentile of its 12-month range, and a flattened Treasury yield curve with zero spread between 10-year and 2-year yields. President Trump publicly committed to Fed independence, telling Warsh to ignore White House pressure and 'just do a great job,' a notable departure from prior pressure campaigns. The 10-year Treasury yield closed at 4.57% near its 12-month high, while sticky inflation and a paused cutting cycle present challenges for the new chair.
Yahoo FinanceTrump Tells New Fed Chair Warsh to 'Just Do Your Own Thing' at Swearing-In Ceremony
On May 22, 2026, Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve. President Trump publicly committed to Fed independence, telling Warsh to ignore White House pressure and 'just do a great job.' Warsh inherits an economy with the federal funds rate at 3.75%, core PCE inflation at the 91st percentile of its 12-month range, and a flattened Treasury yield curve with zero spread between 10-year and 2-year yields. The 10-year Treasury yield closed at 4.57% near its 12-month high. Trump highlighted Warsh's credentials including his Stanford and Harvard education, service as the youngest-ever Fed governor, and 15 years at Stanford's Hoover Institution. Markets are watching for signals on the rate path amid sticky inflation and a paused cutting cycle.
Yahoo FinanceTrump Tells New Fed Chair Warsh to 'Just Do Your Own Thing' at Swearing-In Ceremony
On May 22, 2026, Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve. President Trump publicly committed to Fed independence, telling Warsh to ignore White House pressure and 'just do a great job.' Warsh inherits an economy with the federal funds rate at 3.75%, core PCE inflation at the 91st percentile of its 12-month range, and a flattened Treasury yield curve with a 0% spread between 10-year and 2-year yields. The 10-year Treasury yield closed at 4.57%, near its 12-month high. Trump highlighted Warsh's credentials, including being the youngest-ever Fed governor at age 35 and his tenure at Stanford's Hoover Institution. Markets had been watching for signals on the rate path and Fed independence.
Yahoo FinanceTrump Tells New Fed Chair Warsh to 'Just Do Your Own Thing' at Swearing-In Ceremony
On May 22, 2026, Kevin Warsh was sworn in as the 17th Chair of the Federal Reserve, inheriting an economy with the federal funds rate at 3.75%, core PCE inflation at the 91st percentile of its 12-month range, and a flattened Treasury yield curve (10-year minus 2-year spread at 0%). President Trump publicly committed to Fed independence, telling Warsh to ignore White House pressure and 'just do a great job,' a notable departure from prior pressure campaigns. The 10-year Treasury yield closed at 4.57% near its 12-month high, and markets are closely watching the rate path amid sticky inflation and a paused cutting cycle. The article also includes a promotional segment for an AI stock list.
Yahoo FinanceNew Fed Chair Kevin Warsh Signals Greenspan-Style Approach to Monetary Policy
Newly sworn-in Federal Reserve Chair Kevin Warsh indicated he may adopt an Alan Greenspan-style approach to central banking, emphasizing resisting premature interest rate hikes during technological booms. Speaking at his swearing-in ceremony at the White House on May 22, 2026, Warsh praised Greenspan's leadership and suggested he would follow similar principles. Treasury Secretary Scott Bessent, who favored Warsh for the role, has frequently cited Greenspan's handling of the 1990s tech boom as a model for fostering non-inflationary growth. Warsh has previously stated that AI adoption could boost productivity and lower inflation, creating room for rate cuts. He also signaled he may reduce the frequency of Fed communications, including pulling back forward guidance and potentially ending the practice of holding press conferences after every policy meeting. President Donald Trump, who swore in Warsh, expressed support for lower interest rates to help manage national debt and stimulate economic growth.
Yahoo FinanceNew Fed Chair Kevin Warsh Signals Greenspan-Style Approach to Monetary Policy
Newly sworn-in Federal Reserve Chair Kevin Warsh indicated he may adopt an Alan Greenspan-style approach to monetary policy, emphasizing holding rates steady during technological booms to foster non-inflationary growth. Speaking at a White House ceremony on May 22, 2026, Warsh praised Greenspan's leadership and suggested he would resist premature rate hikes, particularly amid AI-driven productivity gains. Treasury Secretary Scott Bessent, a key supporter of Warsh, has long advocated for Greenspan's flexible monetary policy. Warsh also signaled he would reduce forward guidance, limit public speaking by Fed officials, and potentially end the practice of holding press conferences after every policy meeting. President Trump, who swore in Warsh, expressed support for lower interest rates to help manage national debt and stimulate economic growth. The article highlights a potential shift away from the communication-heavy approach of former Chair Jerome Powell toward a more opaque, Greenspan-era style of central banking.
Yahoo FinanceNew Fed Chair Kevin Warsh Signals Greenspan-Style Approach to Monetary Policy
Newly sworn-in Federal Reserve Chair Kevin Warsh indicated he may adopt an Alan Greenspan-style approach to monetary policy, emphasizing resisting premature interest rate hikes during technological booms. Speaking at his White House swearing-in ceremony on May 22, 2026, Warsh praised Greenspan's leadership and suggested he would follow similar principles. Treasury Secretary Scott Bessent, who advocated for Warsh's appointment, has frequently cited Greenspan's handling of the 1990s tech boom as a model for fostering non-inflationary growth. Warsh has previously stated that AI adoption could boost productivity and lower inflation, creating room for rate cuts. He also signaled he may reduce the frequency of Fed communications, including pulling back forward guidance and potentially ending the practice of holding press conferences after every policy meeting. President Trump, speaking at the same event, expressed desire for lower interest rates to help manage national debt, arguing that growth would not necessarily fuel inflation.
Yahoo FinanceNew Fed Chair Kevin Warsh Signals Greenspan-Style Approach to Monetary Policy
Newly sworn-in Federal Reserve Chair Kevin Warsh indicated he may adopt an Alan Greenspan-style approach to central banking, emphasizing resisting premature interest rate hikes during technological booms. Speaking at his White House swearing-in ceremony on May 22, 2026, Warsh praised Greenspan's leadership and suggested he would follow similar principles. Treasury Secretary Scott Bessent, who advocated for Warsh's appointment, has frequently cited Greenspan's handling of the 1990s tech boom as a model for fostering non-inflationary growth. Warsh has previously stated that AI adoption could boost productivity and lower inflation, creating room for rate cuts. He also signaled he may reduce the frequency of Fed communications, including pulling back forward guidance and potentially ending the practice of holding press conferences after every policy meeting. President Trump, speaking at the same ceremony, expressed desire for lower interest rates to help manage national debt, arguing that growth would not necessarily fuel inflation.
Yahoo FinanceTrump Swears In Kevin Warsh as Fed Chair, Urges Independence but Signals Policy Hopes
President Donald Trump oversaw the White House swearing-in of Kevin Warsh as the new Federal Reserve chair on May 23, 2026. Trump publicly urged Warsh to be 'totally independent' and 'do your own thing,' but also criticized predecessor Jerome Powell for losing his way and hinted at wanting lower interest rates to stimulate the economy. The ceremony, held in the East Room rather than at the Fed, raised concerns about central bank independence amid Trump's past pressure on the Fed. The context includes a war with Iran causing gas price spikes and inflation worries. Warsh, who has previously criticized the Fed's pandemic-era policies, believes AI-driven productivity gains can allow rate cuts without stoking inflation. The event was attended by Supreme Court Justice Clarence Thomas, House Speaker Mike Johnson, and other officials.
Fortune | FORTUNEKevin Warsh Becomes Fed Chair After Unanimous FOMC Vote
Kevin Warsh has formally assumed the role of Federal Reserve Chair, receiving unanimous backing from the Federal Open Market Committee. His Senate confirmation passed 54-45, the narrowest margin for any Fed chair in US history. Warsh, nominated by President Donald Trump on March 4, 2026, previously served as a Fed governor from 2006 to 2011 and was involved in key 2008 financial crisis interventions. He has pledged to serve as a strictly independent chair, pushing back against Trump's calls for lower rates. Warsh supports a smaller Fed balance sheet and stricter limits on Fed communications. His first FOMC meeting will test his independence as inflation remains elevated with US PPI at 6% in April. Jerome Powell will remain on the Fed's Board of Governors after stepping down as chair.
Yahoo FinanceKevin Warsh Sworn In as Fed Chair; Traders Forecast Rate Hikes in 2026
Kevin Warsh was sworn in as chairman of the U.S. Federal Reserve on Friday, amid President Donald Trump's repeated calls for lower interest rates. However, investors and traders forecast no chance of a rate cut for the rest of 2026, with potential rate hikes expected at upcoming FOMC meetings, according to the CME FedWatch tool. Trump stated that Warsh will remain independent on interest rate policy and emphasized economic growth as a way to address national debt. The article notes that lower rates are stimulative for risk assets like Bitcoin and crypto, but the current outlook for rate hikes could negatively impact such assets. Data shows a 3.5% probability of a 25 basis point hike at the June FOMC meeting, rising to 67% by December. The change in Fed leadership and macroeconomic uncertainty may weigh on markets in the coming months.
Cointelegraph.com NewsTrump's New Fed Chief Shamelessly Sucks Up After Taking Orders
Donald Trump has sworn in Kevin Warsh as the new Federal Reserve chair in a ceremony at the White House, the first such event there since 1987. Trump publicly urged Warsh to tame inflation and help supercharge the economy, while simultaneously claiming the central bank should remain independent. This marks a shift after years of public conflict between Trump and outgoing chair Jerome Powell over interest rate policy. The article characterizes Warsh's response as sycophantic, highlighting concerns about Fed independence under political pressure.
The Daily Beast Latest ArticlesTrump Swears In Kevin Warsh as Fed Chair, Blasts Previous Administration's Inflation Record
President Donald Trump presided over the swearing-in ceremony of Kevin Warsh as the new Federal Reserve Chairman on May 22, 2026. During his speech, Trump claimed that Americans suffered the worst inflation in history under the previous administration, criticizing the Fed for losing its way and getting distracted from its core mission. Trump stated he and Warsh discussed returning the Fed to its dual mandate of maximum employment and stable prices. He touted record employment levels under his presidency and expressed confidence that Warsh would restore trust in the Fed across the political spectrum. Trump emphasized he wants Warsh to be independent and focus on economic growth without causing inflation. The article also noted current Treasury yields: the 10-year at 4.57% and the 30-year at 5.08%, with bond ETFs showing mixed performance.
Stocktwits News FeedKevin Warsh sworn in as Fed chair; what may change at the central bank
Kevin Warsh was sworn in as chair of the Federal Reserve on May 22, 2026, for a four-year term, replacing Jerome Powell. The 56-year-old former finance executive and Bush administration adviser previously served on the Fed's Board of Governors from 2006 to 2011, navigating the 2008 financial crisis. He takes over at a time when inflation is surging due to the Iran war and concerns persist about job market stagnation outside select industries. President Donald Trump, who nominated Warsh, said he expects him to be one of the Fed's 'truly great' chairs and emphasized he wants Warsh to be 'totally independent.' Warsh inherits an economy with first-quarter 2026 growth at 2% annually and an unemployment rate of 3.9%, similar to conditions when Powell took office in 2018. Trump had previously pressured the Fed to lower rates and acted to exert influence over the central bank, raising concerns about institutional independence.
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