Warsh Confirmed as Fed Chair Amid Trump's Beijing Visit Jerome Powell's surprise departure from the Federal Reserve's top spot has been filled by Jerome Warsh, who was confirmed as the new Chairman while President Trump was visiting Beijing.
Warsh brings extensive experience to the role, having previously served on the Board of Governors and played a key part in shaping the Federal Open Market Committee's (FOMC) quantitative easing strategy.
Background on Warsh's Appointment The Fed is currently grappling with rising inflation and trade tensions, which have been exacerbated by Powell's sudden departure.