Kevin Warsh controversy: Trump’s Fed pick sworn in amid ‘puppet’ accusations and ethics concerns

Kevin Warsh has been sworn in as chairman of the Federal Reserve for a four-year term, putting him in a key position to determine interest rates and guide the U.S. economy at a critical time.

However, his appointment earlier this month has attracted scrutiny due to previous controversies surrounding his name.

Warsh, who served on the Fed’s Board of Governors from 2006 to 2011, supported Joe Biden’s interest rate hikes in 2024 and later supported a rate cut when Donald Trump returned to office.

Warsh’s appointment thus raises questions about the Fed’s ability to maintain its independent operations.

Late last month, during a confirmation hearing before the U.S. Senate Committee on Banking, Housing and Urban Affairs, Kevin Wash Accused by Elizabeth Warren of being a “puppet” of Donald Trump.

He also faces scrutiny over private investments worth more than $100 million, including holdings tied to Juggernaut Fund LP and Duquesne Family Office, Al Jazeera reported.