Business US

Trump to host swearing-in of new Fed chief, a break from recent tradition

President Donald Trump will host a swearing-in ceremony Friday at the White House for Kevin Warsh, his pick to lead the Federal Reserve, according to a White House official.

The White House setting marks a departure from recent tradition — swearing-in ceremonies have typically taken place at the Fed, without the president in attendance — and reflects the personal stake Trump has taken in the top Fed role amid a prolonged fight over the central bank’s independence.

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