By Nick Timiraos
President Trump will host a swearing-in ceremony for incoming Federal Reserve Chair Kevin Warsh at the White House on Friday, according to a White House official.
The White House ceremony underscores the close personal interest Trump has taken in the appointment. Trump's pick to run the Fed during his first term in 2018, outgoing Chair Jerome Powell, was sworn in at the Fed in a ceremony that Trump didn't attend.
The last new Fed chair sworn in at the White House was Alan Greenspan in 1987. More recent ceremonies have been held at the Fed. The last president to attend was George W. Bush in 2006 for Ben Bernanke, who was the chairman of the White House Council of Economic Advisers. Later that same year, Warsh was sworn in as a Fed governor by Vice President Dick Cheney in a ceremony at the Eisenhower Executive Office Building.
The Friday ceremony will cap an unusually drawn-out transition at the top of the central bank. The Fed said last week that Powell would remain as acting leader until Warsh, confirmed by the Senate last week to a four-year term, could be sworn in. Powell's four-year term as chair expired at the end of last week. Powell has said he plans to remain on the Fed's board as a governor for an unspecified period of time. That term runs through January 2028 .
Delays of several days between confirmation and swearing-in aren't unusual. Warsh had agreed to divest himself of certain personal investments before taking office.
Amid the continuing transition, Fed Vice Chair Philip Jefferson is set to represent the central bank at Monday's meeting of G7 finance ministers and central bankers in Paris.
Write to Nick Timiraos at Nick.Timiraos@wsj.com
(END) Dow Jones Newswires
May 18, 2026 13:32 ET (17:32 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
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