President Trump will swear in Kevin Warsh as the next chair of the Federal Reserve on May 22, according to an announcement. The ceremony marks a formal leadership change at the central bank.
A Scheduled Handover
Warsh is set to take the helm of the Fed on that date. The swearing-in will occur at a time when the central bank faces questions about interest rates and inflation. The current chair will step aside, though no further details about the transition have been released.
The Role of the Fed Chair
The Federal Reserve chair oversees the nation's monetary policy, including setting short-term interest rates and managing the money supply. The position is widely considered one of the most influential in global economics. Warsh's appointment comes as the Fed continues to navigate economic pressures.
The May 22 event will be the formal start of his term. No other public events have been announced for that day.
