Kevin Warsh is sworn in as the 17th Chairman of the US Federal Reserve

Kevin Warsh took the oath of office and officially assumed the post of the 17th Chairman of the Federal Reserve System (FRS) of the United States. This was announced on May 22 by the American leader Donald Trump.

"I just want to congratulate you, Chairman Warsh. You are a really special person to have received this position," he said at the swearing—in ceremony at the White House.

According to the American leader, he wants Warsh to act completely independently, not to focus on him or anyone else and just focus on the quality of his work.

What will Kevin Warsh change at the head of the Fed and why is it important for the whole world? Analysis

On January 30, Trump nominated Warsh as a candidate to replace Jerome Powell. He noted that Warsh was previously the governor of the Federal Reserve in 2006-2011, becoming the youngest member of the board in history, and also served as special Assistant to the president for economic policy. Later, on May 13, the U.S. Senate confirmed Warsh as chairman of the Federal Reserve. 54 senators voted for his candidacy, while 45 voted against it.