Kevin Warsh to Be Sworn In Friday as Markets Reprice Rate-Cut Expectations

• Kevin Warsh will officially take over as Federal Reserve Chair on Friday.
• Warsh supports a policy mix of balance sheet reduction and future rate cuts.
• Fed officials want to keep future rate hike options open amid inflation concerns.

Kevin Warsh will officially take over as the next chair of the U.S. Federal Reserve on Friday, with President Donald Trump hosting the swearing-in ceremony at the White House. 

Notably, Federal Reserve chairs are normally sworn in internally. The last chair to take the oath at the White House was Alan Greenspan in 1987. Trump’s appearance indicates how closely the administration is tying itself to the next phase of Fed policy.

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