Kevin Warsh Sworn In as Fed Chair Amid Trump’s Mandate for Independence
- Kevin Warsh was sworn in as the chairman of the Federal Reserve on May 22, 2026.
- Following the appointment, Donald Trump instructed Warsh to operate independently in his new role.
- Reporting from Axios further detailed this directive, noting that Trump told Warsh, Don't look at me, don't look at anybody.
Kevin Warsh was sworn in as the chairman of the Federal Reserve on May 22, 2026.
Following the appointment, Donald Trump instructed Warsh to operate independently in his new role. According to Bloomberg, Trump told the new chairman to do his own thing
.
Reporting from Axios further detailed this directive, noting that Trump told Warsh, Don’t look at me, don’t look at anybody
.
Market Expectations and Interest Rates
The appointment comes amid conflicting expectations regarding future monetary policy. The Wall Street Journal reports that while Trump picked Warsh with the intention of cutting interest rates, financial markets are bracing for the opposite outcome.
This tension has already manifested in the fixed-income markets. Politico reports that bond investors are already testing the new chairman.
Economic Context
The transition in leadership at the Federal Reserve occurs during a period CNN describes as a pivotal moment for US economy
.