Kevin Warsh will be sworn in as Federal Reserve chair by President Donald Trump on Friday during a ceremony at the White House, an official said.
Warsh will become the central bank’s 17th leader and succeed Jerome Powell, who is serving in a temporary capacity after his official leadership term ended last week. A White House official confirmed the plans on condition of anonymity before it was formally announced.
The US Senate confirmed Warsh earlier this month on a 54-45 vote, the slimmest confirmation margin ever for a Fed chair.
Kevin Warsh
Photographer: Graeme Sloan/Bloomberg
Warsh is set to take the helm at …