Kevin Warsh Set to Be Sworn In as Fed Chair on Friday, Replacing Jerome Powell

Kevin Warsh is set to be sworn in as Federal Reserve Chair on Friday, officially ending Jerome Powell's tenure at the helm of the world's most influential central bank. The transition marks one of the most consequential leadership changes in recent Fed history, with Warsh — a former Fed governor and Morgan Stanley investment banker — stepping into the role at a moment of acute uncertainty around inflation, interest rates, and the broader economic outlook.

Warsh has historically leaned hawkish on monetary policy and has been a vocal critic of the Fed's post-2008 balance sheet expansion. Markets will be watching closely for any early signals on rate trajectory, communication style, and the new chair's appetite for independence from political pressure — all of which could reprice rate expectations across fixed income, equities, and crypto.