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Kevin Warsh to Be Sworn In Friday as Federal Reserve Chair, Replacing Jerome Powell

Kevin Warsh to Be Sworn In Friday as Federal Reserve Chair, Replacing Jerome Powell

According to Odaily and the announcement, Kevin Warsh will be sworn in on Friday as Federal Reserve chair, officially succeeding Jerome Powell in a leadership transition closely watched by global financial markets.

Fact Check
The claim is strongly supported by multiple authoritative and independent sources. The Federal Reserve's own official press release (federalreserve.gov, May 15, 2026) confirms Powell was named chair pro tempore pending Warsh's swearing-in, directly establishing the transition. CNBC's May 18, 2026 article explicitly confirms Warsh will be sworn in on Friday at a White House ceremony hosted by Trump. The Guardian and NPR both confirm the Senate confirmed Warsh on May 13, 2026. The event_time of May 22, 2026 (a Friday) is consistent with all sources. The only minor uncertainty is that as of the collection timestamp (May 18), the swearing-in had not yet occurred, but all credible reporting confirms it is scheduled for that Friday.
Summary

According to Odaily and the announcement, Kevin Warsh will be sworn in on Friday as chair of the Federal Reserve, officially replacing Jerome Powell. The ceremony is set to take place at the White House with Trump presiding, marking the formal start of Warsh’s tenure at the U.S. central bank. While no further details were provided on the exact timing, reasons for the leadership change, or policy plans, the transition is closely watched because Federal Reserve decisions on interest rates, liquidity, and broader monetary policy can affect global markets and risk assets, including cryptocurrencies.

Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for monetary policy, interest rates, and financial system stability.
  • Monetary policy: Central bank actions that influence money supply and interest rates to manage inflation, employment, and economic activity.
  • Risk assets: Assets such as stocks and cryptocurrencies that often react strongly to changes in interest rates and market liquidity.