Trump to Hold Swearing-In Ceremony for Fed Chair Kevin Warsh on May 22
Summary
- President Donald Trump plans to hold a swearing-in ceremony for Fed Chair Kevin Warsh on May 22.
- Markets are focused on possible changes in the Fed’s interest-rate policy and its approach to inflation after Warsh takes office.
- Markets see the direction of Fed monetary policy and whether the benchmark-rate path changes as key variables.
Forecast Trend Report by Period
President Donald Trump is set to hold a swearing-in ceremony on May 22 for incoming Federal Reserve Chair Kevin Warsh, marking the start of a leadership transition at the U.S. central bank.
Walter Bloomberg reported on May 18 that a White House official said Trump plans to host the ceremony for Warsh on May 22.
The U.S. Senate had previously approved Warsh’s nomination to lead the Fed.
Warsh previously served as a Fed governor and a White House economic adviser.
Markets are watching whether the Fed’s interest-rate policy and its approach to inflation shift after Warsh takes office.
Investors also view the future direction of Fed monetary policy and any change in the path of benchmark rates as key variables.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
