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2026-05-22 07:24:59
[Trump to Preside Over Federal Reserve Chairman Warsh's Swearing-in Ceremony on Friday] 1. The U.S. government announced on Thursday that President Trump will preside over the swearing-in ceremony for Federal Reserve Chairman Kevin Warsh at the White House on Friday. 2. Warsh's nomination was confirmed by the Senate on May 13, and he will succeed Jerome Powell as Federal Reserve Chairman. Powell will remain a member of the Federal Reserve Board of Governors until 2028. 3. The 56-year-old Warsh will serve as Federal Reserve Chairman for four years and a Federal Reserve Board member for 14 years. Trump's choice of him is intended to build a defense against further interest rate hikes in the future. Warsh has long advocated for lowering interest rates while reducing the Federal Reserve's balance sheet. 4. Currently, some Federal Reserve policymakers are considering raising interest rates to curb inflationary pressures caused by the war with Iran. According to the minutes of the April 28-29 meeting, most Federal Reserve officials believed that if inflation persists above the 2% target, "some policy tightening measures may be appropriate."
