President Trump sharply criticized the Federal Reserve during the swearing-in ceremony for new Fed Chair Kevin Warsh, arguing that the central bank had “lost its way” in recent years. Speaking at the White House ceremony on May 22, Trump praised Warsh as the leader who would restore confidence in the Federal Reserve “among Americans all across the political spectrum,” signaling what supporters see as a major shift toward stronger economic growth and renewed financial stability.

The appointment immediately reignited national debate surrounding Federal Reserve independence and the White House’s role in shaping monetary policy after years of public clashes between Trump and Powell over high interest rates. Trump allies praised Warsh’s selection as a long-overdue correction after what they describe as damaging economic mismanagement by establishment policymakers, while supporters argue the new Fed chair could help strengthen economic momentum and restore public trust during a period of continued uncertainty in global markets.