Kevin Warsh To Be Sworn In As Federal Reserve Chair Friday

Kevin Warsh will be sworn in as chair of the Federal Reserve on Friday, according to the White House. The ceremony is expected to take place at the White House, marking the formal start of Warsh’s tenure leading the nation’s central bank.

Warsh’s swearing-in follows official steps taken ahead of the transition. The Federal Reserve has designated Jerome Powell as chair pro tempore until Warsh is sworn in, a temporary arrangement intended to ensure continuity at the central bank’s top post. Reuters reported the Fed’s move naming Powell to the interim role, and multiple outlets have reported the White House plans to administer Warsh’s oath on Friday.

President Donald Trump is expected to swear in Warsh, Bloomberg reported, citing a White House statement. CNBC and Fox Business also reported the planned Friday swearing-in at the White House.

The chair of the Federal Reserve plays a central role in shaping U.S. monetary policy, overseeing the institution that sets benchmark interest rates, guides the stance of policy through communications and decision-making, and leads the Federal Open Market Committee. The chair also represents the Fed in its dealings with the White House, Congress, and global financial counterparts.

The transition to a new chair comes at a moment when the Federal Reserve’s leadership is closely watched by financial markets, businesses, and households. The Fed’s decisions influence borrowing costs across the economy, including rates tied to mortgages, credit cards, auto loans, and corporate financing. Changes at the top can also affect how the central bank communicates its priorities and frames policy decisions, which can shape expectations even before any formal actions are taken.

Friday’s swearing-in will formally end the interim period in which Powell is serving as chair pro tempore. The temporary designation is an internal leadership step that allows the Federal Reserve to maintain operational stability at the top of the institution until the new chair takes office.

After Warsh is sworn in, attention will turn to how he begins the job and how the Federal Reserve presents itself under his leadership. The chair typically sets the tone for policy deliberations and public messaging, including press appearances and testimony before Congress, while policy decisions are made by the FOMC.

The White House has said the swearing-in will take place Friday, and the Federal Reserve has already put in place the short-term leadership bridge until then. The handoff will place Warsh at the center of U.S. economic policymaking with immediate influence over the nation’s most consequential financial decisions.