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The Guardian - US
The Guardian - US
World
David Smith, Robert Tait, Maham Javaid and Gaya Gupta in Washington

Kevin Warsh sworn in as Fed chair as Trump faces backlash over economy

two men shake hands
Donald Trump shakes hands with Kevin Warsh at the White House on 22 May. Photograph: Anna Moneymaker/Getty Images

Kevin Warsh has been sworn in as chair of the US Federal Reserve, tasked with steering the world’s largest economy as the Trump administration faces mounting pressure over Americans’ financial wellbeing.

Warsh, hand-picked by Donald Trump, takes charge of the powerful central bank as it comes under extraordinary pressure from the US president to cut interest rates, even as prices climb.

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