Trump is giving Warsh room to reshape the Fed

US President Donald Trump, right, and Kevin Warsh, incoming chairman of the US Federal Reserve, during a swearing-in ceremony in the East Room of the White House in Washington, DC, US, on Friday, May 22, 2026. Al Drago | Bloomberg | Getty Images When Kevin Warsh steps to the podium Wednesday for his first press conference as chair of the Federal Reserve , he will enjoy something his predecessor Jerome Powell lacked for years: breathing room from the president. …