Kevin Warsh will be the first Fed chair sworn in at the White House in almost 40 years

President Donald Trump will host a White House swearing-in ceremony on Friday for incoming Federal Reserve Chair Kevin Warsh. The announcement is procedural and provides no policy details, so near-term market impact should be limited. The main relevance is to monetary policy leadership and the political transition surrounding the Fed.

Analysis

President Donald Trump will host a White House swearing-in ceremony on Friday for incoming Federal Reserve Chair Kevin Warsh. The announcement is procedural and provides no policy details, so near-term market impact should be limited. The main relevance is to monetary policy leadership and the political transition surrounding the Fed.