Back
Swearing-In Ceremony for New Federal Reserve Chair Warsh Set for May 22

Swearing-In Ceremony for New Federal Reserve Chair Warsh Set for May 22

According to Cailian Press, the inauguration ceremony for new Federal Reserve Chair (head of the U.S. central bank) Warsh is scheduled for 11 a.m. on May 22, or 23:00 Beijing time.

Fact Check
The core claim - that Kevin Warsh's swearing-in ceremony as new Federal Reserve Chair was scheduled for May 22, 2026 - is confirmed by multiple high-authority sources. The Federal Reserve's own official press release (federalreserve.gov) established the transition by naming Powell as chair pro tempore until Warsh was sworn in. Reuters and CNBC both reported on May 18 that the White House ceremony was set for Friday May 22. Barron's confirmed the event occurred on May 22, calling it the first such White House ceremony in nearly 40 years. Consumer Finance Monitor provided corroborating detail including the Senate confirmation vote (55-45, May 13, 2026). The specific time of 11 a.m. ET (= 23:00 Beijing time, a mathematically correct conversion for UTC+8 vs EDT/UTC-4) is not independently verified in the fetched sources, but is internally coherent and consistent with the Cailian Press report cited in the claim. The slight uncertainty (0.07 false probability) reflects only the unverified specific time detail, not the core event itself.
Summary

According to Cailian Press, the swearing-in ceremony for new Federal Reserve Chair (head of the U.S. central bank) Warsh will take place at 11 a.m. on May 22. The reported schedule corresponds to 23:00 on May 22 in Beijing time. The update concerns a leadership event at the Federal Reserve, the United States central banking system, which is closely watched by financial markets because changes at the institution can affect interest-rate policy expectations and broader risk sentiment.

Terms & Concepts
  • Federal Reserve: The central bank of the United States, responsible for monetary policy, financial stability, and supervision of parts of the banking system.
  • Swearing-in ceremony: A formal inauguration event in which an official takes an oath before assuming or beginning duties in a public office.