Saved copy of
Kevin Warsh takes oath of office as chairman and a member of the Board of Governors
Federal Reserve Board · 2026-05-22
<!doctype html>
<html lang="en" class="no-js">
<head>
<meta charset="utf-8">
<meta http-equiv="X-UA-Compatible" content="IE=edge">
<meta name="viewport" content="width=device-width, initial-scale=1.0, minimum-scale=1.0 maximum-scale=1.6, user-scalable=1">
<meta name="description" content=" Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System. Also on Friday, the Federal Op" />
<meta property="og:site_name" content="Board of Governors of the Federal Reserve System"/>
<meta property="og:type" content="article" />
<meta property="og:title" content="Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman"/>
<meta property="og:image" content="https://www.federalreserve.gov/images/social-media/social-default-image-opengraph.jpg" />
<meta property="og:image:alt" content="Board of Governors of the Federal Reserve System" />
<meta property="og:description" content=" Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System. Also on Friday, the Federal Op"/>
<meta property="og:url" content="https://www.federalreserve.gov/newsevents/pressreleases/other20260522a.htm" />
<meta name="twitter:card" content="summary" />
<meta name="twitter:title" content="Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman" />
<meta name="twitter:image" content="https://www.federalreserve.gov/images/social-media/social-default-image-twitter.jpg" />
<meta name="twitter:image:alt" content="Board of Governors of the Federal Reserve System" />
<meta name="twitter:description" content=" Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System. Also on Friday, the Federal Op" />
<title>Federal Reserve Board - Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman</title>
<link href="/css/bootstrap.css" rel="stylesheet" type="text/css">
<link href="/css/bluesteel-theme.css" rel="stylesheet" type="text/css">
<link rel="stylesheet" href="/assets/main.css">
<script src="/assets/main.js" defer type="module"></script>
<script src="/js/modernizr-latest.js" type="text/javascript"></script>
<link href="/css/icons.data.svg.css" rel="stylesheet">
<script src="/js/angular.min.js" type="text/javascript"></script>
<script src="/js/app.js" type="text/javascript"></script>
<!-- For Linear Gradients in IE9 or greater -->
<!--[if gte IE 9]>
<style type="text/css">
.gradient {
filter: none;
}
</style>
<![endif]-->
<script data-cfasync="false" nonce="0bb8fbc1-4aab-43fa-97bb-34067ff01d07">try{(function(w,d){!function(kP,kQ,kR,kS){if(kP.zaraz)console.error("zaraz is loaded twice");else{kP[kR]=kP[kR]||{};kP[kR].executed=[];kP.zaraz={deferred:[],listeners:[]};kP.zaraz._v="20";kP.zaraz._n="0bb8fbc1-4aab-43fa-97bb-34067ff01d07";kP.zaraz.q=[];kP.zaraz._f=function(kT){return async function(){var kU=Array.prototype.slice.call(arguments);kP.zaraz.q.push({m:kT,a:kU})}};for(const kV of["track","set","debug"])kP.zaraz[kV]=kP.zaraz._f(kV);kP.zaraz.init=()=>{var kW=kQ.getElementsByTagName(kS)[0],kX=kQ.createElement(kS),kY=kQ.getElementsByTagName("title")[0];kY&&(kP[kR].t=kQ.getElementsByTagName("title")[0].text);kP[kR].x=Math.random();kP[kR].w=kP.screen.width;kP[kR].h=kP.screen.height;kP[kR].j=kP.innerHeight;kP[kR].e=kP.innerWidth;kP[kR].l=kP.location.href;kP[kR].r=kQ.referrer;kP[kR].k=kP.screen.colorDepth;kP[kR].n=kQ.characterSet;kP[kR].o=(new Date).getTimezoneOffset();kP[kR].q=[];for(;kP.zaraz.q.length;){const lb=kP.zaraz.q.shift();kP[kR].q.push(lb)}kX.defer=!0;for(const lc of[localStorage,sessionStorage])Object.keys(lc||{}).filter(le=>le.startsWith("_zaraz_")).forEach(ld=>{try{kP[kR]["z_"+ld.slice(7)]=JSON.parse(lc.getItem(ld))}catch{kP[kR]["z_"+ld.slice(7)]=lc.getItem(ld)}});kX.referrerPolicy="origin";kX.src="/cdn-cgi/zaraz/s.js?z="+btoa(encodeURIComponent(JSON.stringify(kP[kR])));kW.parentNode.insertBefore(kX,kW)};["complete","interactive"].includes(kQ.readyState)?zaraz.init():kP.addEventListener("DOMContentLoaded",zaraz.init)}}(w,d,"zarazData","script");window.zaraz._p=async kH=>new Promise(kI=>{if(kH){kH.e&&kH.e.forEach(kJ=>{try{const kK=d.querySelector("script[nonce]"),kL=kK?.nonce||kK?.getAttribute("nonce"),kM=d.createElement("script");kL&&(kM.nonce=kL);kM.innerHTML=kJ;kM.onload=()=>{d.head.removeChild(kM)};d.head.appendChild(kM)}catch(kN){console.error(`Error executing script: ${kJ}\n`,kN)}});Promise.allSettled((kH.f||[]).map(kO=>fetch(kO[0],kO[1])))}kI()});zaraz._p({"e":["(function(w,d){})(window,document)"]});})(window,document)}catch(e){throw fetch("/cdn-cgi/zaraz/t"),e;};</script></head>
<body ng-app="pubwebApp">
<a href="#content" class="globalskip">Skip to main content</a>
<nav class="nav-primary-mobile" id="nav-primary-mobile"></nav>
<div id='top-banner' data-hydrate='true'><link rel="preload" as="image" href="/images/icon-us-flag.svg"/><link rel="preload" as="image" href="/images/expand_more.svg"/><link rel="preload" as="image" href="https://designsystem.digital.gov/assets/img/icon-dot-gov.svg"/><link rel="preload" as="image" href="https://designsystem.digital.gov/assets/img/icon-https.svg"/><div class="custom-banner"><div class="custom-banner__header"><div class="custom-banner__left"><img class="custom-banner__flag" src="/images/icon-us-flag.svg" width="20" height="20" alt="US Flag"/><p class="custom-banner__text">An official website of the United States Government</p></div><button type="button" class="custom-banner__button"><span class="custom-banner__button-text">Here's how you know</span><img id="banner-caret-_R_0_" class="custom-banner__caret " src="/images/expand_more.svg" alt="Expand More"/></button></div><div class="custom-banner__content " id="banner-content-_R_0_"><div class="custom-banner__info"><div class="info-block"><img src="https://designsystem.digital.gov/assets/img/icon-dot-gov.svg" alt=".gov icon"/><p><strong>Official websites use .gov</strong><br/>A <strong>.gov</strong> website belongs to an official government organization in the United States.</p></div><div class="info-block"><img src="https://designsystem.digital.gov/assets/img/icon-https.svg" alt="HTTPS icon"/><p><strong>Secure .gov websites use HTTPS</strong><br/>A <strong>lock</strong> (<span class="icon-lock"><svg xmlns="http://www.w3.org/2000/svg" width="52" height="64" viewBox="0 0 52 64" role="img" aria-labelledby="banner-lock-description-_R_0_" focusable="false"><title id="banner-lock-title-_R_0_">Lock</title><desc id="banner-lock-description-_R_0_">Locked padlock icon</desc><path fill="#000000" fill-rule="evenodd" d="M26 0c10.493 0 19 8.507 19 19v9h3a4 4 0 0 1 4 4v28a4 4 0 0 1-4 4H4a4 4 0 0 1-4-4V32a4 4 0 0 1 4-4h3v-9C7 8.507 15.507 0 26 0zm0 8c-5.979 0-10.843 4.77-10.996 10.712L15 19v9h22v-9c0-6.075-4.925-11-11-11z"></path></svg></span>) or <strong>https://</strong> means you've safely connected to the .gov website. Share sensitive information only on official, secure websites.</p></div></div></div></div></div><div class="t1_nav navbar navbar-default navbar-fixed-top" role="navigation">
<div class="t1_container clearfix">
<a id="logo" class="btn btn-default icon-FRB_logo-bw visible-xs-table-cell t1__btnlogo" href="/default.htm" role="button"><span class="sr-only">Back to Home</span></a>
<a href="/default.htm" id="banner" class="visible-xs-table-cell t1__banner" title="Link to Home Page" role="button">Board of Governors of the Federal Reserve System</a>
<ul class="nav navbar-nav visible-md visible-lg t1_toplinks">
<li class="navbar-text navbar-text__social">
<span class="navbar-link" tabindex="0">Stay Connected</span>
<ul class="nav navbar-nav t1_social social_ten">
<li class="social__item">
<a
data-icon="facebook"
href="https://www.facebook.com/federalreserve"
class="noIcon"
>
<div class="icon-facebook-color icon icon__sm"></div>
<span class="sr-only"
>Federal Reserve Facebook Page</span
></a
>
</li>
<li class="social__item">
<a
data-icon="instagram"
href="https://www.instagram.com/federalreserveboard/"
class="noIcon"
>
<div class="icon-instagram icon icon__sm"></div>
<span class="sr-only"
>Federal Reserve Instagram Page</span
></a
>
</li>
<li class="social__item">
<a
data-icon="youtube"
href="https://www.youtube.com/federalreserve"
class="noIcon"
>
<div class="icon-youtube-color icon icon__sm"></div>
<span class="sr-only"
>Federal Reserve YouTube Page</span
></a
>
</li>
<li class="social__item">
<a
data-icon="flickr"
href="https://www.flickr.com/photos/federalreserve/"
class="noIcon"
>
<div class="icon-flickr-color icon icon__sm"></div>
<span class="sr-only"
>Federal Reserve Flickr Page</span
></a
>
</li>
<li class="social__item">
<a
data-icon="linkedin"
href="https://www.linkedin.com/company/federal-reserve-board"
class="noIcon"
>
<div class="icon-linkedin-color icon icon__sm"></div>
<span class="sr-only">Federal Reserve LinkedIn Page</span></a
>
</li>
<li class="social__item">
<a data-icon="threads" href="https://www.threads.net/@federalreserveboard" class="noIcon">
<div class="icon-threads icon icon__sm"></div>
<span class="sr-only">Federal Reserve Threads Page</span></a
>
</li>
<li class="social__item">
<a
data-icon="twitter"
href="https://x.com/federalreserve"
class="noIcon"
>
<div class="icon-social-x icon icon__sm"></div>
<span class="sr-only"
>Federal Reserve X Page</span
></a
>
</li>
<li class="social__item">
<a
data-icon="bluesky"
href="https://bsky.app/profile/federalreserve.gov"
class="noIcon"
>
<div class="icon-bluesky icon icon__sm"></div>
<span class="sr-only"
>Federal Reserve Bluesky Page</span
></a
>
</li>
<li class="social__item">
<a data-icon="rss" href="/feeds/feeds.htm" class="noIcon">
<div class="icon-rss-color icon icon__sm"></div>
<span class="sr-only">Subscribe to RSS</span></a
>
</li>
<li class="social__item">
<a data-icon="email" href="/subscribe.htm" class="noIcon">
<div class="icon-email-color icon icon__sm"></div>
<span class="sr-only">Subscribe to Email</span></a
>
</li>
</ul>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/recentpostings.htm">Recent Postings</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/newsevents/calendar.htm">Calendar</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/publications.htm">Publications</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/sitemap.htm">Site Map</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/azindex.htm">A-Z index</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/careers.htm">Careers</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/faqs.htm">FAQs</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/videos.htm">Videos</a>
</li>
<li class="navbar-text">
<a class="navbar-link" href="/aboutthefed/contact-us-topics.htm">Contact</a>
</li>
</ul>
<form class="nav navbar-form hidden-xs nav__search" role="search" action="//www.fedsearch.org/board_public/search" method="get">
<div class="form-group input-group input-group-sm">
<label for="t1search" class="sr-only">Search</label>
<input id="t1search" class="nav__input form-control" name="text" placeholder="Search" type="text" />
<span class="input-group-btn">
<button type="submit" class="nav__button btn btn-default" id="headerTopLinksSearchFormSubmit" name="Search">
<span class="sr-only">Submit Search Button</span>
<span class="icon-magnifying-glass icon icon__xs icon--right"></span>
</button>
</span>
</div>
<div class="nav__advanced">
<a class="noIcon" href="//www.fedsearch.org/board_public/">Advanced</a>
</div>
</form>
<div class="btn-group visible-xs-table-cell visible-sm-table-cell t1__dropdown">
<span class="icon icon__md icon--right dropdown-toggle icon-options-nav" data-toggle="dropdown">
<span class="sr-only">Toggle Dropdown Menu</span>
</span>
</div>
</div>
</div>
<header class="jumbotron hidden-xs">
<a class="jumbotron__link" href="/default.htm" title="Link to Home Page">
<div class="container-fluid">
<h1 class="jumbotron__heading">Board of Governors of the Federal Reserve System
</h1>
<p class="jumbotron__content">
<em>The Federal Reserve, the central bank of the United States, provides
the nation with a safe, flexible, and stable monetary and financial
system.</em>
</p>
</div>
</a>
</header>
<div class="t2__offcanvas visible-xs-block">
<div class="navbar-header">
<button type="button" class="offcanvas__toggle icon-offcanvas-nav" data-toggle="offcanvas" data-target="#offcanvasT2Menu" data-canvas="body">
<span class="sr-only">Main Menu Toggle Button</span>
</button>
<span class="navbar-brand offcanvas__title">Sections</span>
<button type="button" class="offcanvas__search icon-search-nav" data-toggle="collapse" data-target="#navbar-collapse">
<span class="sr-only">Search Toggle Button</span>
</button>
</div>
<div class="navbar-collapse collapse mobile-form" id="navbar-collapse">
<form method="get" class="navbar-form" role="search" action="//www.fedsearch.org/board_public/search">
<div class="form-group input-group mobileSearch">
<label class="sr-only" for="t2search">Search</label>
<input id="t2search" name="text" class="form-control" placeholder="Search" type="text" />
<span class="input-group-btn">
<span class="sr-only">Search Submit Button</span>
<button type="submit" class="btn btn-default">Submit</button>
</span>
</div>
</form>
</div>
</div>
<nav class="nav-primary navbar hidden-xs nav-nine" id="nav-primary" role="navigation">
<ul class="nav navbar-nav" role="menubar">
<li role="menuitem" class="dropdown nav-about dropdown--3Col">
<a href="/aboutthefed.htm" class="sr-only-focusable" aria-haspopup="true" id="aboutMenu">About<br />the Fed</a>
<ul aria-labelledby="aboutMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<div class="row">
<ul class="col-sm-4 list-unstyled">
<li>
<a class="sr-only-focusable" href="/aboutthefed/fedexplained/who-we-are.htm">Structure of the Federal Reserve System</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/the-fed-explained.htm">The Fed Explained</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/bios/board/default.htm">Board Members</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/advisorydefault.htm">Advisory Councils</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/federal-reserve-system.htm">Federal Reserve Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/directors/about.htm">Federal Reserve Bank and Branch Directors</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/fract.htm">Federal Reserve Act</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/currency.htm">Currency</a>
</li>
</ul>
<ul class="col-sm-4 list-unstyled">
<li>
<a class="sr-only-focusable" href="/aboutthefed/boardmeetings/meetingdates.htm">Board Meetings</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/boardvotes.htm">Board Votes</a>
</li>
<li>
<a class="sr-only-focusable" href="/careers.htm">Careers</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/procurement/tips.htm">Do Business with the Board</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/k8.htm">Holidays Observed - K.8</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/ethics-values.htm">Ethics & Values</a>
</li>
</ul>
<ul class="col-sm-4 list-unstyled">
<li>
<a class="sr-only-focusable" href="/aboutthefed/contact-us-topics.htm">Contact</a>
</li>
<li>
<a class="sr-only-focusable" href="/foia/about_foia.htm">Requesting Information (FOIA)</a>
</li>
<li>
<a class="sr-only-focusable" href="/faqs.htm">FAQs</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/educational-tools/default.htm">Economic Education</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/fed-financial-statements.htm">Fed Financial Statements</a>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/financial-innovation.htm">Financial Innovation</a>
</li>
</ul>
</div>
</li>
</ul>
</li>
<li role="menuitem" class="dropdown nav-news dropdown--1Col">
<a href="/newsevents.htm" class="sr-only-focusable" aria-haspopup="true" id="newsMenu">News<br />& Events</a>
<ul aria-labelledby="newsMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<a class="sr-only-focusable" href="/newsevents/pressreleases.htm">Press Releases</a>
</li>
<li>
<a class="sr-only-focusable" href="/newsevents/speeches-testimony.htm">Speeches & Testimony</a>
</li>
<li>
<a class="sr-only-focusable" href="/newsevents/calendar.htm">Calendar</a>
</li>
<li>
<a class="sr-only-focusable" href="/videos.htm">Videos</a>
</li>
<li>
<a class="sr-only-focusable" href="/photogallery.htm">Photo Gallery</a>
</li>
<li>
<a class="sr-only-focusable" href="/conferences.htm">Conferences</a>
</li>
</ul>
</li>
<li role="menuitem" class="dropdown nav-monetary dropdown--2Col">
<a href="/monetarypolicy.htm" class="sr-only-focusable" aria-haspopup="true" id="monetaryMenu">Monetary<br />Policy</a>
<ul aria-labelledby="monetaryMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<div class="row">
<ul class="col-sm-6 list-unstyled">
<li class="nav__header">
<p>
<strong>Federal Open Market Committee</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/fomc.htm">About the FOMC</a>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/fomccalendars.htm">Meeting calendars and information</a>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/fomc_historical.htm">Transcripts and other historical materials</a>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/fomc_projectionsfaqs.htm">FAQs</a>
</li>
<li class="nav__header">
<p>
<strong>Monetary Policy Principles and Practice</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/monetary-policy-principles-and-practice.htm">Notes</a>
</li>
</ul>
<ul class="col-sm-6 list-unstyled">
<li class="nav__header">
<p>
<strong>Policy Implementation</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/policy-normalization.htm">Policy Normalization</a>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/policytools.htm">Policy Tools</a>
</li>
<li class="nav__header">
<p>
<strong>Reports</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/publications/mpr_default.htm">Monetary Policy Report</a>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/publications/beige-book-default.htm">Beige Book</a>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/publications/balance-sheet-developments-report.htm">Federal Reserve Balance Sheet Developments</a>
</li>
<li class="nav__header">
<p>
<strong>Review of Monetary Policy Strategy, Tools, and Communications</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/monetarypolicy/review-of-monetary-policy-strategy-tools-and-communications-2025.htm">Overview</a>
</li>
</ul>
</div>
</li>
</ul>
</li>
<li role="menuitem" class="dropdown nav-supervision dropdown--fw">
<a href="/supervisionreg.htm" class="sr-only-focusable" id="supervisionMenu"
aria-haspopup="true">Supervision<br />& Regulation</a>
<ul aria-labelledby="supervisionMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<div class="row">
<ul class="col-sm-3 col-nav list-unstyled">
<li class="nav__header">
<p>
<strong>Supervision</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/community-banks.htm">
Community Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/regional-and-small-foreign-banks.htm">
Regional Banks and Foreign Banks with U.S. Assets < $100 Billion</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/large-banks-and-large-foreign-banks.htm">
Large Banks and Large Foreign Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/global-systemically-important-banks.htm">
Global Systemically Important Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/financial-market-utility-supervision.htm">Financial Market
Utilities</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/consumer-compliance.htm">Consumer
Compliance</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/resources-for-supervised-institutions.htm">
Resources for Supervised Institutions</a>
</li>
<li class="nav__header">
<p>
<strong>Reports</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/publications/supervision-and-regulation-report.htm">Federal Reserve
Supervision and Regulation Report</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Reporting Forms</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/apps/reportingforms/recentupdates">Recent Reporting Form Updates</a>
</li>
<li>
<a class="sr-only-focusable" href="/apps/reportingforms/home/review">Information Collections
Under Review</a>
</li>
<li>
<a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["1"]'>Financial
Statements</a>
</li>
<li>
<a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["7"]'>Securities Exchange Act of 1934</a>
</li>
<li>
<a class="sr-only-focusable"
href='/apps/ReportingForms/?reportTypesIdsJson=["2"]'>Applications/Structure Change</a>
</li>
<li>
<a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["3"]'>FFIEC</a>
</li>
<li>
<a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["8"]'>Municipal and
Government Securities</a>
</li>
<li>
<a class="sr-only-focusable" href='/apps/ReportingForms/?reportTypesIdsJson=["9"]'>Activities Monitoring</a>
</li>
<li>
<a class="sr-only-focusable" href='/apps/mdrm/'>Micro Data Reference Manual</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Legal Developments</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/legal-developments.htm">Enforcement Actions and
Legal Developments</a>
</li>
<li class="nav__header">
<p>
<strong>Mergers, Acquisitions, and Other Applications</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/application-process.htm">Process</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/afi/afi.htm">Filing
Information</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/board-and-reserve-bank-actions.htm">Board and Reserve
Bank Actions</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Supervision and Regulation Letters</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/srletters/srletters.htm">By Year</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/topics/topics.htm">By Topic</a>
</li>
<li class="nav__header">
<p>
<strong>Regulatory and Policy Resources</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/aboutthefed/fract.htm">Federal Reserve Act</a>
</li>
<li>
<a class="sr-only-focusable" href="/frrs/regulations/bank-holding-company-act-of-1956.htm">Bank Holding Company Act</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/reglisting.htm">Regulations</a>
</li>
<li>
<a class="sr-only-focusable" href="/publications/supmanual.htm">Supervision Manuals</a>
</li>
<li>
<a class="sr-only-focusable" href="/frrs/federal-reserve-regulatory-service.htm">Federal Reserve Regulatory Service</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/disaster-preparedness-and-recovery-resources.htm">Disaster Preparedness and Recovery Resources
</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Banking and Data Structure</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/apps/reportforms/insider.aspx">Beneficial Ownership
Reports</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/lbr/">U.S. Domestically Chartered Commercial Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/minority-depository-institutions.htm">Minority Depository
Institutions</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/iba/">U.S. Offices of Foreign Entities</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/fhc.htm">Financial Holding
Companies</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/isb-default.htm">Interstate
Branching</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/suds.htm">Securities
Underwriting and Dealing Subsidiaries</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/state-member-banks-supervised-federal-reserve.htm">State Member Banks Supervised by the Federal Reserve</a>
</li>
</ul>
</div>
</li>
</ul>
</li>
<li role="menuitem" class="dropdown nav-stability dropdown--2Col">
<a href="/financial-stability.htm" class="sr-only-focusable" aria-haspopup="true" id="stabilityMenu">Financial<br />Stability</a>
<ul aria-labelledby="stabilityMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<div class="row">
<ul class="col-sm-6 list-unstyled">
<li class="nav__header">
<p>
<strong>Financial Stability Assessments </strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/financial-stability/what-is-financial-stability.htm">About Financial Stability</a>
</li>
<li>
<a class="sr-only-focusable" href="/financial-stability/types-of-financial-system-vulnerabilities-and-risks.htm">Types of Financial System Vulnerabilities & Risks</a>
</li>
<li>
<a class="sr-only-focusable" href="/financial-stability/monitoring-risk-across-the-financial-system.htm">Monitoring Risk Across the Financial System</a>
</li>
<li>
<a class="sr-only-focusable" href="/financial-stability/proactive-monitoring-of-markets-and-institutions.htm">Proactive Monitoring of Markets & Institutions</a>
</li>
<li>
<a class="sr-only-focusable" href="/financial-stability/financial-stability-and-stress-testing.htm">Financial Stability & Stress Testing</a>
</li>
</ul>
<ul class="col-sm-6 list-unstyled">
<li class="nav__header">
<p>
<strong>Financial Stability Coordination & Actions</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/financial-stability/responding-to-financial-system-emergencies.htm">Responding to Financial System Emergencies</a>
</li>
<li>
<a class="sr-only-focusable" href="/financial-stability/cooperation-on-financial-stability.htm">Cooperation on Financial Stability</a>
</li>
<li class="nav__header">
<p>
<strong>Reports</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/publications/financial-stability-report.htm">Financial Stability Report</a>
</li>
</ul>
</div>
</ul>
</li>
<li role="menuitem" class="dropdown nav-payment dropdown--fw">
<a href="/paymentsystems.htm" class="sr-only-focusable" id="paymentMenu" aria-haspopup="true">Payment<br />Systems</a>
<ul aria-labelledby="paymentMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<div class="row">
<ul class="col-sm-3 col-nav list-unstyled">
<li class="nav__header">
<p>
<strong>Regulations & Statutes</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/regcc-about.htm">Regulation CC (Availability of Funds and Collection of Checks)</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/regii-about.htm">Regulation II (Debit Card Interchange Fees and Routing)</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/reghh-about.htm">Regulation HH (Financial Market Utilities)</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/other-regulations.htm">Other Regulations and Statutes</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Payment Policies</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/pfs_about.htm">Federal Reserve's Key Policies for the Provision of Financial Services</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/joint_requests.htm">Guidelines for Evaluating Joint Account Requests</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/oo_about.htm">Overnight Overdrafts</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/psr_about.htm">Payment System Risk</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/telecomm.htm">Sponsorship for Priority Telecommunication Services</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Reserve Bank Payment Services & Data</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/fedach_about.htm">Automated Clearinghouse Services</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/check_about.htm">Check Services</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/coin_about.htm">Currency and Coin Services</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/psr_data.htm">Daylight Overdrafts and Fees</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/fednow_about.htm">FedNow<sup>®</sup> Service</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/fedfunds_about.htm">Fedwire Funds Services</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/fedsecs_about.htm">Fedwire Securities Services</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/fisagy_about.htm">Fiscal Agency Services</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/master-account-and-services-database-about.htm">Master Account and Services Database</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/natl_about.htm">National Settlement Service</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Financial Market Utilities & Infrastructures</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/over_about.htm">Supervision & Oversight of Financial Market Infrastructures</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/designated_fmu_about.htm">Designated Financial Market Utilities</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/int_standards.htm">International Standards for Financial Market Infrastructures</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Research, Reports, & Committees</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/fr-payments-study.htm">Federal Reserve Payments Study (FRPS)</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/payres_about.htm">Payments Research</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/reports.htm">Reports</a>
</li>
<li>
<a class="sr-only-focusable" href="/paymentsystems/pspa_committee.htm">Payments System Policy Advisory Committee</a>
</li>
</ul>
</div>
</li>
</ul>
</li>
<li role="menuitem" class="dropdown nav-econ dropdown--right dropdown--2Col">
<a href="/econres.htm" class="sr-only-focusable" aria-haspopup="true" id="econMenu">Economic<br />Research</a>
<ul aria-labelledby="econMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<div class="row">
<ul class="col-sm-6 list-unstyled">
<li>
<a class="sr-only-focusable" href="/econres/researchers.htm">Meet the Researchers</a>
</li>
<li class="nav__header">
<p>
<strong>Working Papers and Notes</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/econres/feds/index.htm">Finance and Economics Discussion Series (FEDS)</a>
</li>
<li>
<a class="sr-only-focusable" href="/econres/notes/feds-notes/default.htm">FEDS Notes</a>
</li>
<li>
<a class="sr-only-focusable" href="/econres/ifdp/index.htm">International Finance Discussion Papers (IFDP)</a>
</li>
</ul>
<ul class="col-sm-6 list-unstyled">
<li class="nav__header">
<p>
<strong>Data, Models and Tools</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/econres/economic-research-data.htm">Economic Research Data</a>
</li>
<li>
<a class="sr-only-focusable" href="/econres/us-models-about.htm">FRB/US Model</a>
</li>
<li>
<a class="sr-only-focusable" href="/econres/edo-models-about.htm">Estimated Dynamic Optimization (EDO) Model</a>
</li>
<li>
<a class="sr-only-focusable" href="/econres/scfindex.htm">Survey of Consumer Finances (SCF)</a>
</li>
</ul>
</div>
</li>
</ul>
</li>
<li role="menuitem" class="dropdown nav-data dropdown--right dropdown--fw">
<a href="/data.htm" class="sr-only-focusable" id="dataMenu" aria-haspopup="true">Data</a>
<ul aria-labelledby="dataMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<div class="row">
<ul class="col-sm-3 col-nav list-unstyled">
<li>
<a class="sr-only-focusable" href="/datadownload"><span class="icon icon-ddp icon__sm"></span>Data Download Program</a>
</li>
<li class="nav__header">
<p>
<strong>Bank Assets and Liabilities</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/h3/current/default.htm">Aggregate Reserves of Depository Institutions and the Monetary Base - H.3</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/h8/current/default.htm">Assets and Liabilities of Commercial Banks in the U.S. - H.8</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/assetliab/current.htm">Assets and Liabilities of U.S. Branches and Agencies of Foreign Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/chargeoff/">Charge-Off and Delinquency Rates on Loans and Leases at Commercial Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/sfos/sfos.htm">Senior Financial Officer Survey</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/sloos.htm">Senior Loan Officer Opinion Survey on Bank Lending Practices</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Bank Structure Data</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/lbr/">U.S. Domestically Chartered Commercial Banks</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/minority-depository-institutions.htm">Minority Depository Institutions</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/iba/default.htm">Structure and Share Data for the U.S. Offices of Foreign Banks</a>
</li>
<li class="nav__header">
<p>
<strong>Business Finance</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/cp/">Commercial Paper</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/g20/current/default.htm">Finance Companies - G.20</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/govsecure/current.htm">New Security Issues, State and Local Governments</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/corpsecure/current.htm">New Security Issues, U.S. Corporations</a>
</li>
<li class="nav__header">
<p>
<strong>Dealer Financing Terms</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/data/scoos.htm">Senior Credit Officer Opinion Survey on Dealer Financing Terms</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Exchange Rates and International Data</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/h10/current/">Foreign Exchange Rates - H.10/G.5</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/intlsumm/current.htm">International Summary Statistics</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/secholdtrans/current.htm">Securities Holdings and Transactions</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/statbanksus/current.htm">Statistics Reported by Banks and Other Financial Firms in the United States</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/iba/default.htm">Structure and Share Data for U.S. Offices of Foreign Banks</a>
</li>
<li class="nav__header">
<p>
<strong>Financial Accounts</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/z1/default.htm">Financial Accounts of the United States - Z.1</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Household Finance</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/g19/current/default.htm">Consumer Credit - G.19</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/DSR">Household Debt Service Ratios</a>
</li>
<li>
<a class="sr-only-focusable" href="/data/mortoutstand/current.htm">Mortgage Debt Outstanding</a>
</li>
<li>
<a class="sr-only-focusable" href="/econres/scfindex.htm">Survey of Consumer Finances (SCF)</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/shed.htm">Survey of Household Economics and Decisionmaking</a>
</li>
<li class="nav__header">
<p>
<strong>Industrial Activity</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/g17/current/default.htm">Industrial Production and Capacity Utilization - G.17</a>
</li>
<li class="nav__header">
<p>
<strong>Interest Rates</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/h15/">Selected Interest Rates - H.15</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled col-nav">
<li class="nav__header">
<p>
<strong>Micro Data Reference Manual (MDRM)</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/data/mdrm.htm">Micro and Macro Data Collections</a>
</li>
<li class="nav__header">
<p>
<strong>Money Stock and Reserve Balances</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/releases/h41/">Factors Affecting Reserve Balances - H.4.1</a>
</li>
<li>
<a class="sr-only-focusable" href="/releases/h6/current/default.htm">Money Stock Measures - H.6</a>
</li>
<li class="nav__header">
<p>
<strong>Other</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/data/yield-curve-models.htm">Yield Curve Models and Data</a>
</li>
</ul>
</div>
</li>
</ul>
</li>
<li role="menuitem" class="dropdown nav-consumer dropdown--right dropdown--4Col">
<a href="/consumerscommunities.htm" class="sr-only-focusable" aria-haspopup="true" id="consumerMenu">Consumers<br /> & Communities</a>
<ul aria-labelledby="consumerMenu" role="menu" class="dropdown-menu sub-nav-group navmenu-nav">
<li>
<div class="row">
<ul class="col-sm-3 list-unstyled">
<li class="nav__header">
<p>
<strong>Regulations</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/cra_about.htm">Community Reinvestment Act (CRA)</a>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/reglisting.htm">All Regulations</a>
</li>
<li class="nav__header">
<p>
<strong>Supervision & Enforcement</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/supervisionreg/caletters/caletters.htm">CA Letters</a>
</li>
<li>
<a class="sr-only-focusable" href="/apps/enforcementactions/default.aspx">Enforcement Actions</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/independent-foreclosure-review.htm">Independent Foreclosure Review</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled">
<li class="nav__header">
<p>
<strong>Community Development</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/neighborhood-revitalization.htm">Housing and Neighborhood Revitalization</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/small-business-and-entrepreneurship.htm">Small Business and Entrepreneurship</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/workforce.htm">Employment and Workforce Development</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/cdf.htm">Community Development Finance</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/rural-community-economic-development.htm">Rural Community and Economic Development</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled">
<li>
<a class="sr-only-focusable" href="/conferences.htm">Conferences</a>
</li>
<li class="nav__header">
<p>
<strong>Research & Analysis</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/shed.htm">Survey of Household Economics and Decisionmaking</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/community-development-publications.htm">Research Publications & Data Analysis</a>
</li>
</ul>
<ul class="col-sm-3 list-unstyled">
<li>
<a class="sr-only-focusable" href="/aboutthefed/cac.htm">Community Advisory Council</a>
</li>
<li class="nav__header">
<p>
<strong>Resources for Consumers</strong>
</p>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/fraud-scams.htm">Frauds and Scams</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/foreclosure.htm">Mortgage and Foreclosure Resources</a>
</li>
<li>
<a class="sr-only-focusable" href="/consumerscommunities/comm-dev-system-map.htm">Federal Reserve Community Development Resources</a>
</li>
</ul>
</div>
</li>
</ul>
</li>
</ul>
</nav>
<div id="content" class="container container__main" role="main">
<div class="row">
<div class="page-header">
<ol class="breadcrumb">
<li class='breadcrumb__item'><a class="breadcrumb__link" href="/default.htm">Home</a></li>
<li class='breadcrumb__item'><a class="breadcrumb__link" href="/newsevents.htm">News & Events</a></li>
<li class='breadcrumb__item'><a class="breadcrumb__link" href="/newsevents/pressreleases.htm">Press Releases</a></li>
</ol>
<div class="header-group">
<div class="page-title" id="page-title">
<h2>
Press Release
</h2>
</div>
</div>
</div>
<noscript>
<div class="js-disabled text-center">
<span class='icon icon-alert icon--jsAlert'></span>
<span><strong>Please enable JavaScript if it is disabled in your browser or access the information through the links provided below.</strong> </span>
</div>
</noscript>
</div>
<div class="row">
<div id="article">
<div class="heading col-xs-12 col-sm-8 col-md-8">
<p class="article__time">May 22, 2026</p>
<h3 class="title">Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman</h3>
<p class="releaseTime">For release at 4:15 p.m. EDT
<ul class="list-unstyled">
<li class="share btn-group">
<a class='dropdown-toggle shareLink' aria-labelledby="shareMenu" role="button" data-toggle="dropdown" title="Share" href="#">Share<span class="icon icon__sm icon-share icon--right"></span></a>
<ul role="menu" class="dropdown-menu shareDL__dropdown shareDL__dropdown--inline shareDL__dropdown--right" id="shareMenu">
<li class='shareDL__item'>
<a class="shareDL__link icon__link sr-only-focusable" href="https://twitter.com/share?url=https://www.federalreserve.gov/newsevents/pressreleases/other20260522a.htm&text=Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman&via=FederalReserve">
<span class="icon icon__sm icon--centered icon-twitter-color"></span>
</a>
</li>
<li class='shareDL__item'>
<a class="shareDL__link icon__link sr-only-focusable" href="https://www.facebook.com/sharer.php?u=https://www.federalreserve.gov/newsevents/pressreleases/other20260522a.htm&name=Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman">
<span class="icon icon__sm icon--centered icon-facebook-color"></span>
</a>
</li>
<li class='shareDL__item'>
<a class="shareDL__link icon__link sr-only-focusable" href="https://www.linkedin.com/shareArticle?url=https://www.federalreserve.gov/newsevents/pressreleases/other20260522a.htm&title=Kevin Warsh takes oath of office as chairman and a member of the Board of Governors of the Federal Reserve System, and the Federal Open Market Committee unanimously selects Warsh as its chairman&mini=true">
<span class="icon icon__sm icon--centered icon-linkedin-color"></span>
</a>
</li>
<li class='shareDL__item'>
<a class="shareDL__link icon__link sr-only-focusable" href="/cdn-cgi/l/email-protection#ccf3aea3a8b5f1a4b8b8bcbff6e3e3bbbbbbe2aaa9a8a9beada0bea9bfa9bebaa9e2aba3bae3a2a9bbbfa9baa9a2b8bfe3bcbea9bfbfbea9a0a9adbfa9bfe3a3b8a4a9befefcfefafcf9fefeade2a4b8a1eabfb9aea6a9afb8f187a9baa5a2ec9badbebfa4ecb8ada7a9bfeca3adb8a4eca3aaeca3aaaaa5afa9ecadbfecafa4ada5bea1ada2ecada2a8ecadeca1a9a1aea9beeca3aaecb8a4a9ec8ea3adbea8eca3aaec8ba3baa9bea2a3bebfeca3aaecb8a4a9ec8aa9a8a9beada0ec9ea9bfa9bebaa9ec9fb5bfb8a9a1e0ecada2a8ecb8a4a9ec8aa9a8a9beada0ec83bca9a2ec81adbea7a9b8ec8fa3a1a1a5b8b8a9a9ecb9a2ada2a5a1a3b9bfa0b5ecbfa9a0a9afb8bfec9badbebfa4ecadbfeca5b8bfecafa4ada5bea1ada2">
<span class="icon icon__sm icon--centered icon-email-color"></span>
</a>
</li>
</ul>
</li>
</ul>
</div>
<div class="col-xs-12 col-sm-4 col-md-4 hidden-sm"></div>
<div class="col-xs-12 col-sm-8 col-md-8">
<p>Kevin Warsh on Friday took the oath of office as chairman and a member of the Board of Governors of the Federal Reserve System.</p>
<p>Also on Friday, the Federal Open Market Committee unanimously selected Warsh as its chairman.</p>
<p>President Donald J. Trump nominated Mr. Warsh on March 4, 2026. He was confirmed by the United States Senate to serve as a member of the Board on May 12, and as chairman of the Board on May 13. His term as chairman ends on May 21, 2030, and his term as a member of the Board ends on January 31, 2040.</p>
<p>A biography of Chairman Warsh is available on the Board's <a href="http://www.federalreserve.gov/bios/">website</a>.</p>
<p>For media inquiries, please email <a href="/cdn-cgi/l/email-protection#7c111918151d3c1a0e1e521b130a"><span class="__cf_email__" data-cfemail="bdd0d8d9d4dcfddbcfdf93dad2cb">[email protected]</span></a> or call (202) 452-2955.</p>
<p> </p>
<p> </p>
<p> </p>
<p> </p>
</div>
<div class="col-xs-12 col-sm-4 col-md-4">
<div class="panel panel-related">
<div class="panel-heading">
<h5 class="panel-title text-capitalize">Related Content</h5>
</div>
<div class="panel-body">
<ul class="panel__list list-unstyled">
<li class='panel__listItem'><a href="https://www.federalreserve.gov/aboutthefed/bios/board/warsh.htm">Biography of Kevin Warsh</a></li>
</ul>
</div>
</div>
</div>
</div>
</div>
<div class="row">
<div id="lastUpdate" class="lastUpdate">Last Update:
May 22, 2026
</div>
</div>
</div>
<footer class="container footer">
<div class="row footer__content">
<div class="col-xs-12 col-sm-4">
<h6 class="footer__heading"><span class="text-uppercase">Board of Governors</span> <em>of the</em> <span class="text-uppercase">Federal Reserve System</span></h6>
<ul class="list-unstyled">
<li class='footer__listItem'><a class="footer__link" href="/aboutthefed.htm">About the Fed</a></li><li class='footer__listItem'><a class="footer__link" href="/newsevents.htm">News & Events</a></li><li class='footer__listItem'><a class="footer__link" href="/monetarypolicy.htm">Monetary Policy</a></li><li class='footer__listItem'><a class="footer__link" href="/supervisionreg.htm">Supervision & Regulation</a></li><li class='footer__listItem'><a class="footer__link" href="/financial-stability.htm">Financial Stability</a></li><li class='footer__listItem'><a class="footer__link" href="/paymentsystems.htm">Payment Systems</a></li><li class='footer__listItem'><a class="footer__link" href="/econres.htm">Economic Research</a></li><li class='footer__listItem'><a class="footer__link" href="/data.htm">Data</a></li><li class='footer__listItem'><a class="footer__link" href="/consumerscommunities.htm">Consumers & Communities</a></li><li class='footer__listItem'><a class="footer__link" href="/aboutthefed/aroundtheboard/stayconnected-qr-code-2.htm">Connect with the Board</a></li>
</ul>
</div>
<div class="col-xs-12 col-sm-4">
<h6 class="text-uppercase footer__heading">Tools and Information</h6>
<ul class="list-unstyled">
<li class='footer__listItem'><a href="/aboutthefed/contact-us-topics.htm" class="footer__link">Contact</a></li>
<li class='footer__listItem'><a href="/publications.htm" class="footer__link">Publications</a></li>
<li class='footer__listItem'><a href="/foia/about_foia.htm" class="footer__link">Freedom of Information (FOIA)</a></li>
<li class='footer__listItem'><a href="https://oig.federalreserve.gov/" class="footer__link">Office of Inspector General</a></li>
<li class='footer__listItem'><a href="/publications/annual-report.htm" class="footer__link">Budget & Performance</a> | <a href="/regreform/audit.htm" class="footer__link">Audit</a></li>
<li class='footer__listItem'><a href="/eeo.htm" class="footer__link">No FEAR Act</a></li>
<li class='footer__listItem'><a href="/espanol.htm" class="footer__link">Español</a></li>
<li class='footer__listItem'><a href="/website-linking-policies.htm" class="footer__link">Website Policies</a> | <a href="/privacy.htm" class="footer__link">Privacy Program</a></li>
<li class='footer__listItem'><a href="/accessibility.htm" class="footer__link">Accessibility</a></li>
</ul>
</div>
<div class="col-xs-12 col-sm-4">
<div class="footer__social">
<h6 class="text-uppercase footer__heading footer__heading--social">Stay Connected</h6>
<a
class="icon__md icon footer__btn icon-facebook-color"
href="https://www.facebook.com/federalreserve"
><span class="sr-only"
>Federal Reserve Facebook Page</span
></a
>
<a
class="icon__md icon footer__btn icon-instagram"
href="https://www.instagram.com/federalreserveboard/"
><span class="sr-only"
>Federal Reserve Instagram Page</span
></a
>
<a
class="icon__md icon footer__btn icon-youtube-color"
href="https://www.youtube.com/federalreserve"
><span class="sr-only"
>Federal Reserve YouTube Page</span
></a
>
<a
class="icon__md icon footer__btn icon-flickr-color"
href="https://www.flickr.com/photos/federalreserve/"
><span class="sr-only"
>Federal Reserve Flickr Page</span
></a
>
<a
class="icon__md icon footer__btn icon-linkedin-color"
href="https://www.linkedin.com/company/federal-reserve-board"
><span class="sr-only">Federal Reserve LinkedIn Page</span></a
>
<a
class="icon__md icon footer__btn icon-threads"
href="https://www.threads.net/@federalreserveboard"
><span class="sr-only">Federal Reserve Threads Page</span></a
>
<a
class="icon__md icon footer__btn icon-social-x"
href="https://x.com/federalreserve"
><span class="sr-only"
>Link to Federal Reserve X Page</span
></a
>
<a
class="icon__md icon footer__btn icon-bluesky"
href="https://bsky.app/profile/federalreserve.gov"
><span class="sr-only"
>Link to Federal Reserve Bluesky Page</span
></a
>
<a
class="icon__md icon footer__btn icon-rss-color"
href="/feeds/feeds.htm"
><span class="sr-only">Subscribe to RSS</span></a
>
<a
class="icon__md icon footer__btn icon-email-color"
href="/subscribe.htm"
><span class="sr-only">Subscribe to Email</span></a
>
</div>
<a href="https://www.usa.gov/" target="_blank" title="Link to USA.gov">
<img class='footer__image' src="/images/USAGov%402x.png" alt="Link to USA.gov" />
</a>
<a href="/open/open.htm" target="_blank" title="Link to Open.gov">
<img class='footer__image' src="/images/OpenGov%402x.png" alt="Link to Open.gov" />
</a>
</div>
</div>
<div class="row">
<div class="col-xs-12 footer__footer">
<p class="text-uppercase footer__text footer__text--left">Board of Governors <em class="text-lowercase">of the</em> Federal Reserve System</p>
<p class="footer__text footer__text--right">20th Street and Constitution Avenue N.W., Washington, DC 20551</p>
</div>
</div>
</footer>
<script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script src="/js/jquery.min.js" type="text/javascript"></script>
<script src="/js/bootstrap.min.js" type="text/javascript"></script>
<script src="/js/scripts.js" type="text/javascript"></script>
<script src="/js/modal.js" type="text/javascript"></script>
<script src="/js/sticky-tables.js" type="text/javascript"></script>
<script type="text/javascript" src="/js/slides/ekko-lightbox.min.js"></script>
<script src="/js/t4-nav-controller.js" type="text/javascript"></script>
<script type="text/javascript">
$(document).ready(function($) {
// delegate calls to data-toggle="lightbox"
$(document).delegate('*[data-toggle="lightbox"]:not([data-gallery="navigateTo"])', 'click', function(event) {
event.preventDefault();
$(this).ekkoLightbox();
});
$('a[data-click="false"]').click(function(e) {
e.preventDefault();
var target = $(this).data('target');
$(target).click();
});
});
</script>
<!-- -->
<script>(function(){function c(){var b=a.contentDocument||(a.contentWindow&&a.contentWindow.document);if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'a48c06748d949392',t:'MTc5MTcwMjQxOA=='};var a=document.createElement('script');a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();</script></body>
</html>