You’ve got the right story, wrong name — it’s *Kevin Warsh*, not “Walsh”.
*What actually happened:*
Kevin Warsh was sworn in as Fed Chair on May 22, 2026, replacing Jerome Powell. Trump hosted the ceremony at the White House and said he wants Warsh to be “totally independent” and “just do your own thing”. 23c03c19
*Why people are skeptical:*
1. *Trump picked him for rate cuts*: Trump spent months attacking Powell for not cutting rates, and said he wants Warsh’s “help in stimulating the economy”. Warsh has backed rate cuts in the past. 1027505d
2. *Unusual optics*: It’s rare for a Fed Chair to be sworn in at the White House. The last time was Alan Greenspan in 1987. That fuels the “puppet” narrative. 505d
3. *Narrow confirmation*: Warsh was confirmed 54-45, the narrowest vote for a Fed Chair in US history. 39eb