Federal Reserve Chair Kevin Warsh was sworn in as the new head of the central bank.
“I will lead a reform-oriented Federal Reserve, learning from past successes and mistakes both, escaping static frameworks and models, upholding clear standards of integrity and performance,” he said alongside President Trump. Warsh added that the effort will signify a “return to an institution that I do, in fact, cherish.”
President Trump said, “Kevin understands that when the economy is booming, it’s a good thing. We have some debt we would like to take care of. The way you do that is through growth. You want to stop inflation, but you don’t want to stop greatness.”
“They’ll be listening to Kevin all the way. Even if they’re of a somewhat different persuasion than Kevin,” he said.
President Trump nominated Warsh for the role in January. “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. Kevin currently serves as the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution, and Lecturer at the Stanford Graduate School of Business,” he wrote on Truth Social at the time. “He is a Partner of Stanley Druckenmiller at Duquesne Family Office LLC. Kevin received his A.B. from Stanford University, and J.D. from Harvard Law School.”
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” he added. “On top of everything else, he is ‘central casting,’ and he will never let you down. Congratulations Kevin!”
