On May 22, 2026, Kevin Warsh officially took the oath of office to become the new Chairman of the Federal Reserve. The event occurred in the East Room of the White House, representing a departure from recent traditions.
The ceremony was led by U.S. Supreme Court Associate Justice Clarence Thomas, who administered the oath while Warsh was accompanied by his wife, Jane Lauder. President Donald Trump presided over the event with numerous dignitaries present.
Warsh succeeds Jerome Powell, who held the position for eight years. His appointment comes at a critical time as the nation faces rising inflation pressures. These inflationary challenges are partly attributed to ongoing conflicts, particularly the war in Iran, impacting American economic stability.
The event saw the attendance of notable figures such as Treasury Secretary Scott Bessent, National Economic Council Director Kevin Hassett, and Justice Brett M. Kavanaugh, underscoring the significance of Warsh’s new role.