LIVE: Incoming Fed Chair Kevin Warsh to be sworn in at White House — Friday 22 May 2026Kevin Warsh is set to be sworn in as the new chair of the Federal Reserve during a ceremony at the White House today, marking a significant shift in leadership for the nation's central bank. The former Fed governor, known for his sharp critiques of current monetary policy, brings a fresh approach to interest rate decisions at a time when inflation pressures and economic growth remain top concerns for American households and businesses. Warsh's selection over other candidates highlights his close alignment with President Donald Trump and his outlined strategy for measured rate reductions. His past comments have targeted what he sees as overly cautious moves by sitting officials, positioning him to potentially steer policy toward faster adjustments that could influence everything from mortgage rates to consumer spending across the United States. This transition comes at a critical juncture, with markets watching closely for signals on how the Fed under Warsh will balance growth against price stability. For U.S. workers and savers, the changes could mean shifts in borrowing costs and investment returns that ripple through daily economic life in the months ahead.Watch the full video from Reuters below.