News · 23 May 2026

Kevin Warsh sworn in as new Fed chief

Ordinary people could see borrowing costs rise as the US central bank takes charge of the economy. Kevin Warsh was sworn in as the new Federal Reserve chair by US Supreme Court Justice Clarence Thomas at the White House on Friday, with Donald Trump present. Economists anticipate the US central bank may lift borrowing costs by the end of 2026.

By BriefTea Editorial · 23 May 2026 at 10:09

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