Kevin Warsh sworn in as Fed chair as Trump faces backlash over economy

<p>Former Wall Street banker takes over amid growing concern over cost of living – and disapproval of Trump’s agenda</p><ul><li><p><a href="https://www.theguardian.com/us-news/live/2026/may/22/donald-trump-ai-china-iran-war-powers-hormuz-latest-news-updates">US politics live – latest updates</a></p></li></ul><p>Kevin Warsh has been sworn in as chair of the US <a href="https://www.theguardian.com/business/federal-reserve">Federal Reserve</a>, tasked with steering the world’s largest economy as th