Kevin Warsh sworn in as new Fed chair beside Trump at White House ceremony

Federal Reserve Chair Kevin Warsh was sworn in Friday beside President Trump, kicking off his term as the new head of the central bank at a critical time for the U.S. economy.

Supreme Court Justice Clarence Thomas swore Warsh in during the Friday ceremony at the White House. Warsh was confirmed last week by the Senate for a four-year term as Fed chair, largely along party lines.

Warsh, 56, returns to the Fed board after serving as a member from 2006 to 2011. He was nominated to the Fed by former President George W. Bush, whom he served as a White House economic adviser before becoming the youngest Fed board member in history.

A graduate of Stanford University and Harvard Law School, Warsh also worked at Morgan Stanley and served in various academic and advisory roles outside of his government service. 

Warsh was most recently a fellow at Stanford’s Hoover Institution, an influential conservative think tank known for its close ties to prominent Republican policymakers.

“He’s got abilities that very few people have,” Trump said, predicting Warsh would be remembered as one of the best chairs in Fed history.

Warsh replaces Federal Reserve Chair Jerome Powell, a fellow Republican whom Trump nominated to lead the Fed in 2017. The president, however, quickly soured on........

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