華許 Kevin Warsh 於白宮宣誓正式就任 Fed 主席！川普：請保持絕對獨立

The "Bernanke era" at the Federal Reserve officially comes to an end! This morning (22nd) at 11 a.m. Eastern Time, Kevin Warsh, confirmed by the Senate, was officially sworn in as the Chairman of the U.S. Federal Reserve (Fed) at the White House. During this unprecedented inauguration ceremony, the first led personally by the sitting president in nearly 40 years, Trump not only praised Warsh as the best choice but also broke with tradition by calling on him to be "completely independent," not influenced by anyone’s face. Warsh pledged to be data-driven, fully committed to stabilizing prices and promoting the economy.
(Background: Trump personally presided over the swearing-in of Fed Chair Powell, the first time in 39 years that the White House led the ceremony)
(Additional context: Will Warsh’s takeover of the Fed lead to rate cuts? Raoul Pal: He will tolerate inflation for AI productivity, making cryptocurrencies, gold, or perhaps other assets the biggest winners)

The leadership baton of the U.S. Federal Reserve was officially handed over today in a historic transfer.

At 11 a.m. Eastern Time today (May 22, 2026), 56-year-old former Fed Governor Kevin Warsh was sworn in as the new Chair of the Federal Reserve at the White House, personally presided over by President Donald Trump. This breaks a decades-long tradition—the last time a sitting president personally hosted a Fed Chair inauguration at the White House was during Alan Greenspan’s era in 1987.

Trump’s strong support: No one is more suitable—he told him to "completely ignore me"

At the swearing-in ceremony, Trump praised the newly appointed chair, whom he personally nominated and who narrowly passed the Senate vote on the 13th of this month with a 54-45 tally. Trump even jokingly said that the stock market surged by 600 points because of Warsh’s appointment, “They (the markets) like you a lot!”

Notably, Trump, who has often meddled in Fed monetary policy in the past, this time emphasized the independence of the central bank in a rare and clear manner:

“I hope Kevin can remain totally independent… Don’t look at me, don’t look at anyone. Just do your own thing and do it well.”

Warsh modestly states: defending independence, focusing on fighting inflation

Taking over from Jerome Powell, Warsh becomes the top figure in global financial markets. His speech at the ceremony maintained the traditional concise and low-key style of Fed officials.

Besides expressing gratitude and honor to President Trump, Warsh did not offer any specific timetable for rate cuts or monetary policy. He focused his speech on the Fed’s core mission, emphasizing that he will dedicate himself to maintaining the independence of the Fed, and approach with professionalism and data-driven analysis, concentrating on stabilizing prices (fighting inflation), promoting employment, and economic growth.

Warsh served as a Fed governor from 2006 to 2011 and personally experienced the handling of the 2008 financial crisis. As the "Bernanke era" officially ended on May 15, global markets are closely watching, awaiting Warsh’s first official policy speech in the coming weeks to gain insight into his approach to current inflation pressures and the high-interest-rate environment.