President Donald Trump is set to host a swearing-in ceremony at the White House for incoming Federal Reserve Chair Kevin Warsh on Friday, according to a White House official cited by The Wall Street Journal.
Eko Hot News reports that the planned ceremony marks a rare departure from recent tradition, where Federal Reserve chair swearings-in are typically held at the central bank rather than the White House.
Reports indicate that when Jerome Powell was appointed in 2018, his ceremony was held at the Federal Reserve and not attended by then-President Trump.
Historical records show that the last Fed chair sworn in at the White House was Alan Greenspan in 1987 under President Ronald Reagan.
It was also noted that George W. Bush last attended a Fed chair swearing-in ceremony in 2006 for Ben Bernanke.
Kevin Warsh was previously sworn in as a Federal Reserve governor in 2006 in a ceremony conducted by then–Vice President Dick Cheney.
According to the report, Jerome Powell is currently serving as chair pro tempore until Warsh officially assumes office.
Powell is expected to remain on the Federal Reserve Board of Governors even after stepping down as chair.
He has reportedly stated that his continued tenure may depend on the conclusion of ongoing issues involving the administration.
Powell’s current term on the board is scheduled to run until January 2028.
The upcoming ceremony is being closely watched due to its unusual White House setting and its potential implications for the relationship between the executive branch and the Federal Reserve.
Economic observers note that leadership transitions at the Fed are typically handled independently to preserve institutional neutrality.
The White House has not issued additional details beyond confirmation of the ceremony plans.
The event is expected to draw attention from financial markets and policy analysts monitoring U.S. monetary policy direction.
