WATCH LIVE: Trump swears in Kevin Warsh
President Donald Trump will attend Friday’s swearing-in ceremony for Kevin Warsh, the newly confirmed Federal Reserve chairman. Warsh replaces Jerome Powell, after the Senate confirmed Trump’s nominee in a 54-45 vote. In an interview, Trump said he would allow Warsh to set the Fed’s interest-rate policy as he sees fit, contrasting with Powell’s reluctance to cut rates. The ceremony is set to begin at 11 a.m. Friday.
President Donald Trump is set to participate in the swearing-in ceremony of Kevin Warsh, the new Federal Reserve chairman.
Warsh is replacing Jerome Powell as head of the central bank after the Senate confirmed the Trump appointee in a 54-45 vote last week.
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TRUMP GOING TO LET WARSH ‘DO WHAT HE WANTS TO DO’ AT FED WITH INTEREST RATES
In an interview with the Washington Examiner, Trump said he would let Warsh “do what he wants to do” with interest rates. Powell’s resistance to cutting interest rates was one of the reasons why Trump wanted him out of the leadership role.
The ceremony is scheduled to start at 11 a.m. Friday.
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