Trump and Warsh's fates now tied

Fed performance might shape Republican prospects in midterms.

One Essential Read One Essential Read Recommended by Kate Turton, Newsletter Editor Trump and Warsh's fates are now tied, for better or worse   Trump with Warsh at the White House in Washington, D.C. May 22, 2026. REUTERS/Jonathan Ernst  "Kevin understands that when the economy is booming that is a good thing...we want it to boom...We don’t want to see it stifled."  That's what Donald Trump said at the swearing-in ceremony for new Fed Chair Kevin Warsh. Former chair Jerome Powell was a handy foil for Trump, a target of blame for everything from high mortgage interest rates to the pace of economic growth. The president could say Powell was foisted on him by advisers. But Warsh is Trump's pick, and that means Trump owns the results. But with Warsh installed as the country's central bank chief, the dynamic shifts. Read the full article   Sponsors are not involved in the creation of newsletters or other Reuters news content. Advertise in this newsletter or on Reuters' website   Reuters One Essential Read is sent three days a week. Think your friend or colleague should know about us? Forward this newsletter to them. They can also sign up here. Want to stop receiving this email? Unsubscribe here. To manage which newsletters you're signed up for, click here. This email includes limited tracking for Reuters to understand whether you’ve engaged with its contents. For more information on how we process your personal information and your rights, please see our Privacy Statement. Terms & Conditions   © 2026 Thomson Reuters. All rights reserved. 3 Times Square, New York, NY 10036