Back to today’s briefing

Story perspectives

Trump Names Warsh Fed Chair; Warsh Promises Independence

5/14/2026

22 5 Full Breakdown

Summary

Story summary

U.S. President Donald Trump appointed Jerome Warsh as chair of the Federal Reserve (Fed).
Jerome Warsh told senators he would act independently and said Donald Trump never asked him to set rates.
Donald Trump later asked Jerome Warsh if he could trust him to support interest-rate cuts.
Jerome Warsh complained about journalistic standards after Senator Ruben Gallego pressed him on the issue during the confirmation hearing.

1 of 1

Story summary

U.S. President Donald Trump appointed Jerome Warsh as chair of the Federal Reserve (Fed).
Jerome Warsh told senators he would act independently and said Donald Trump never asked him to set rates.
Donald Trump later asked Jerome Warsh if he could trust him to support interest-rate cuts.
Jerome Warsh complained about journalistic standards after Senator Ruben Gallego pressed him on the issue during the confirmation hearing.