{"id":8808,"date":"2026-05-22T18:06:52","date_gmt":"2026-05-22T18:06:52","guid":{"rendered":"https:\/\/siliconvalleymovingpost.com\/?p=8808"},"modified":"2026-05-22T18:06:52","modified_gmt":"2026-05-22T18:06:52","slug":"warsh-is-sworn-in-as-the-fed-chair-after-trumps-bid-for-greater-control-over-the-independent-bank","status":"publish","type":"post","link":"https:\/\/siliconvalleymovingpost.com\/?p=8808","title":{"rendered":"Warsh is sworn in as the Fed chair after Trump\u2019s bid for greater control over the independent bank"},"content":{"rendered":"<div><p><strong>By WILL WEISSERT and MICHELLE L. PRICE<\/strong><\/p>\n<p>WASHINGTON (AP) \u2014 President Donald Trump on Friday oversaw the White House swearing-in of the new Federal Reserve chair and said he would like Kevin Warsh\u2019s help in stimulating the economy even as he tried to emphasize that the nation\u2019s central bank would remain independent.<\/p><p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8801\">America In Focus: mortgage rate rises while Wall Street looks to continue its winning ways<\/a><\/p>\n<p>Trump spent months criticizing Warsh\u2019s predecessor, Jerome Powell, for being reluctant to cut interests rates, with the Republican president arguing that lower borrowing costs would provide an economic boost. By taking the unusual step of holding the ceremony in the East Room and not the Fed, Trump made clear his pleasure that Warsh is now in charge.<\/p>\n<p>The war with Iran has caused gas prices to spike, unsettled financial markets and driven inflation concerns across the economy. Those developments have led to recent doubts about whether Warsh might heed Trump\u2019s calls and push the Fed to lower rates.<\/p>\n<div><ul><div><div><li><div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"President Donald Trump speaks in front of American flags\" class=\"wp-image-8803\" height=\"576\" src=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/455c63e5d5c20177cda03bb38c67f5b6-1024x576.webp\" width=\"1024\" srcset=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/455c63e5d5c20177cda03bb38c67f5b6-1024x576.webp 1024w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/455c63e5d5c20177cda03bb38c67f5b6-300x169.webp 300w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/455c63e5d5c20177cda03bb38c67f5b6-768x432.webp 768w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/455c63e5d5c20177cda03bb38c67f5b6-1536x864.webp 1536w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/455c63e5d5c20177cda03bb38c67f5b6.webp 1860w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<div>President Donald Trump speaks before Kevin Warsh, left, is sworn in as Chairman of the Federal Reserve, in the East Room of the White House, Friday, May 22, 2026, in Washington. (AP Photo\/Manuel Balce Ceneta)\n<\/div><\/div><\/li><li><div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"President Donald Trump, right, speaks with Federal Reserve Chairman Kevin Warsh\" class=\"wp-image-8804\" height=\"683\" src=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/ebe86ecbd4f4a15afdba749089b9db47-1024x683.webp\" width=\"1024\" srcset=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/ebe86ecbd4f4a15afdba749089b9db47-1024x683.webp 1024w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/ebe86ecbd4f4a15afdba749089b9db47-300x200.webp 300w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/ebe86ecbd4f4a15afdba749089b9db47-768x512.webp 768w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/ebe86ecbd4f4a15afdba749089b9db47-1536x1024.webp 1536w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/ebe86ecbd4f4a15afdba749089b9db47.webp 1860w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<div>President Donald Trump, right, speaks with Federal Reserve Chairman Kevin Warsh during Warsh\u2019s swearing-in in the East Room of the White House, Friday, May 22, 2026, in Washington. (AP Photo\/Alex Brandon)\n<\/div><\/div><\/li><li><div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Supreme Court Justice Clarence Thomas administers the oath during the swearing in of Kevin Warsh\" class=\"wp-image-8805\" height=\"683\" src=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c36c8f2a2fd651ad2346f8ed9d513176-1024x683.webp\" width=\"1024\" srcset=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c36c8f2a2fd651ad2346f8ed9d513176-1024x683.webp 1024w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c36c8f2a2fd651ad2346f8ed9d513176-300x200.webp 300w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c36c8f2a2fd651ad2346f8ed9d513176-768x512.webp 768w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c36c8f2a2fd651ad2346f8ed9d513176-1536x1024.webp 1536w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/c36c8f2a2fd651ad2346f8ed9d513176.webp 1860w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<div>Supreme Court Justice Clarence Thomas administers the oath during the swearing in of Kevin Warsh, left, as Chairman of the Federal Reserve in the East Room of the White House, Friday, May 22, 2026, in Washington, as Warsh\u2019s wife Jane Lauder, looks on. (AP Photo\/Manuel Balce Ceneta)\n<\/div><\/div><\/li><li><div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Federal Reserve Chairman Kevin Warsh speaks\" class=\"wp-image-8806\" height=\"683\" src=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/269dedc241fff31de21bee93b72a9aab-1024x683.webp\" width=\"1024\" srcset=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/269dedc241fff31de21bee93b72a9aab-1024x683.webp 1024w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/269dedc241fff31de21bee93b72a9aab-300x200.webp 300w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/269dedc241fff31de21bee93b72a9aab-768x512.webp 768w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/269dedc241fff31de21bee93b72a9aab-1536x1024.webp 1536w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/269dedc241fff31de21bee93b72a9aab.webp 1860w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<div>Federal Reserve Chairman Kevin Warsh speaks during his swearing-in in the East Room of the White House, Friday, May 22, 2026, in Washington. (AP Photo\/Alex Brandon)\n<\/div><\/div><\/li><li><div>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" alt=\"Justice Clarence Thomas, right, administers the oath during the swearing in of Kevin Warsh\" class=\"wp-image-8807\" height=\"683\" src=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/0bc0653a1275c4a538232015f8922925-1024x683.webp\" width=\"1024\" srcset=\"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/0bc0653a1275c4a538232015f8922925-1024x683.webp 1024w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/0bc0653a1275c4a538232015f8922925-300x200.webp 300w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/0bc0653a1275c4a538232015f8922925-768x512.webp 768w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/0bc0653a1275c4a538232015f8922925-1536x1024.webp 1536w, https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/0bc0653a1275c4a538232015f8922925.webp 1860w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<div>Justice Clarence Thomas, right, administers the oath during the swearing in of Kevin Warsh as Chairman of the Federal Reserve, left, as Warsh\u2019s wife Jane Lauder looks on, in the East Room of the White House, Friday, May 22, 2026, in Washington. (AP Photo\/Alex Brandon)\n<\/div><\/div><\/li><\/div><\/div><\/ul><div><div>President Donald Trump speaks before Kevin Warsh, left, is sworn in as Chairman of the Federal Reserve, in the East Room of the White House, Friday, May 22, 2026, in Washington. (AP Photo\/Manuel Balce Ceneta)\n<\/div><span>Expand<\/span><\/div><\/div>\n<p>Still, Trump said he had faith that Warsh would prioritize a strong economy.<\/p>\n<p>\u201cThankfully, unlike some of his predecessors, Kevin understands that when the economy is booming, it is, that\u2019s a good thing,\u201d the president said. Trump said it was not necessary \u201cto go crazy. Just let it go. We want it to boom.\u201d<\/p>\n<p>Supreme Court Justice Clarence Thomas administered the oath of office. Also on hand were House Speaker Mike Johnson, R-La., Justice Brett Kavanaugh, CIA Director John Ratcliffe and Cabinet members.<\/p>\n<p>\u201cI expect he will go down as one of the truly great chairmen of the Federal Reserve that we\u2019ve ever had,\u201d Trump said of Warsh.<\/p> <div>\n<\/div>\n<p>Republican President Ronald Reagan swore in Alan Greenspan as Fed chair at the White House in 1987. Republican President George W. Bush attended the 2006 ceremony at central bank headquarters when Ben Bernanke became chair.<\/p>\n<p>But having the event at the White House raises more questions about the Fed\u2019s independence at a time when Trump has constantly sought to bend the independent central bank to his will.<\/p>\n<p>Trump\u2019s Department of Justice began an investigation into Powell and the Fed\u2019s extensive building renovations. That drew backlash from lawmakers and the department scrapped the investigation. The Fed\u2019s internal watchdog is now handling the matter. Powell\u2019s term as chair ended last week, though he has opted to remain on the Fed board for now.<\/p>\n<p>Trump made a point of saying during his remarks, \u201cHonestly, I really mean this. This is not said in any other way: I want Kevin to be totally independent.\u201d<\/p><p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8799\">Tulsi Gabbard resigns as director of national intelligence, citing her husband\u2019s health<\/a><\/p> <div>\n<\/div>\n<p>\u201cI want him to be independent and just do a great job,\u201d Trump said. \u201cDon\u2019t look at me, don\u2019t look at anybody. Just do your own thing.\u201d<\/p>\n<p>In the next breath, however, Trump said that \u201cin the eyes of many, the Fed has lost its way in recent years\u201d under his predecessor, Democratic President Joe Biden. Trump also suggested that Warsh is looking to lead policies that promote \u201cpositive economic growth\u201d and that doing so did not have to mean higher inflation.<\/p>\n<p>Trump also noted that the stock market had risen Friday. \u201cThat means they like you,\u201d he said of Warsh.<\/p>\n<p>Warsh once harshly criticized Fed\u2019s policies, including its low interest rate policies coming out of the coronavirus pandemic, which he says contributed to the largest U.S. inflation spike in four decades in 2021-2022. More recently, he has sometimes echoed Trump\u2019s demands for lower rates.<\/p>\n<p>Warsh says productivity gains from artificial intelligence will help the economy grow more quickly without spurring inflation, enabling the Fed to reduce borrowing costs. Many Fed officials, however, disagree that AI\u2019s development will support rate cuts, especially because the technology has also been blamed for large-scale layoffs in the computer sector and other parts of the economy.<\/p>\n<p>On Friday, Warsh promised \u201cto lead a reform oriented Federal Reserve, learning from past successes and mistakes, both escaping static frameworks and models and upholding clear standards of integrity and performance.\u201d<\/p>\n<p>He told Trump that he believes \u201cthese years can bring unmatched prosperity that will raise living standards for Americans from all walks of life. And the Fed has something to do with it.\u201d<\/p>\n<p>Warsh further noted that the Fed\u2019s mandate \u201cis to promote price stability and maximum employment. When we pursue those aims with wisdom and clarity, independence and resolve, inflation can be lower; growth, stronger; real take home pay, higher and America can more prosperous.\u201d<\/p>\n<p>As he left the ceremony, Treasury Secretary Scott Bessent reinforced Trump\u2019s message, predicting to reporters that Warsh will \u201cdo the right thing for inflation and growth.\u201d<\/p><p>Read more <a href=\"https:\/\/siliconvalleymovingpost.com\/?p=8797\">Los Angeles reaches $1.2 million settlement with Blueground<\/a><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair. Trump said Friday that he&#8217;d like Kevin Warsh\u2019s help in stimulating the economy.<\/p>\n","protected":false},"author":1,"featured_media":8802,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36,2],"tags":[],"class_list":["post-8808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-based-on-facts-either-observed-and-verified-directly-by-the-reporter-or-reported-and-verified-from-knowledgeable-sources","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Warsh is sworn in as the Fed chair after Trump\u2019s bid for greater control over the independent bank - Silicon Valley Moving Post<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/siliconvalleymovingpost.com\/?p=8808\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warsh is sworn in as the Fed chair after Trump\u2019s bid for greater control over the independent bank - Silicon Valley Moving Post\" \/>\n<meta property=\"og:description\" content=\"President Donald Trump has overseen the White House swearing-in of the new Federal Reserve chair. 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Trump said Friday that he'd like Kevin Warsh\u2019s help in stimulating the economy.","og_url":"https:\/\/siliconvalleymovingpost.com\/?p=8808","og_site_name":"Silicon Valley Moving Post","article_published_time":"2026-05-22T18:06:52+00:00","og_image":[{"width":1860,"height":1046,"url":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/455c63e5d5c20177cda03bb38c67f5b6.webp","type":"image\/webp"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/siliconvalleymovingpost.com\/?p=8808#article","isPartOf":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8808"},"author":{"name":"admin","@id":"https:\/\/siliconvalleymovingpost.com\/#\/schema\/person\/636e2e5a10a21cf87fe6eb5951e8a6b7"},"headline":"Warsh is sworn in as the Fed chair after Trump\u2019s bid for greater control over the independent bank","datePublished":"2026-05-22T18:06:52+00:00","mainEntityOfPage":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8808"},"wordCount":1036,"commentCount":0,"image":{"@id":"https:\/\/siliconvalleymovingpost.com\/?p=8808#primaryimage"},"thumbnailUrl":"https:\/\/siliconvalleymovingpost.com\/wp-content\/uploads\/2026\/05\/e998bcd2976e43ff4138c379424062f5.webp","articleSection":["Based on facts, either observed and verified directly by the reporter, or reported and verified from knowledgeable sources.","News"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/siliconvalleymovingpost.com\/?p=8808#respond"]}]},{"@type":"WebPage","@id":"https:\/\/siliconvalleymovingpost.com\/?p=8808","url":"https:\/\/siliconvalleymovingpost.com\/?p=8808","name":"Warsh is sworn in as the Fed chair after Trump\u2019s bid for greater control over the independent bank - 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