President Donald Trump will swear in Kevin Warsh, his hand-picked choice to lead the Federal Reserve, during a ceremony Friday, CNBC has learned.
The move will end a process that started in the summer of 2025 and culminated last week with the Senate confirming Warsh in a nearly total party-line vote
The new chair will succeed Jerome Powell, whose term expired Friday but who continues to serve on a pro-tempore basis until Warsh officially takes over. This is breaking news. Please refresh for updates