Trump Hosts Lavish Swearing-In Ceremony for Wash at White House, Reenacting Greenspan Moment

BlockBeats News, May 19th, according to The Wall Street Journal, White House officials revealed that President Trump will host a swearing-in ceremony for the incoming Federal Reserve Chairman Kevin Wash on Friday at the White House. This ceremony highlights Trump's high regard for this appointment. During his first term in 2018, Trump nominated Powell to head the Fed, and his swearing-in ceremony was held at the Fed, where Trump was not present.

The last Federal Reserve Chairman to be sworn in at the White House took office in 1987 and was Greenspan. Subsequent ceremonies have all been held at the Fed. The last president to attend such a ceremony was George W. Bush, who attended Bernanke's swearing-in ceremony in 2006. Later that year, Wash was sworn in as a Fed governor at the Eisenhower Executive Office Building by Vice President Dick Cheney. This Friday's swearing-in ceremony will mark the end of this unusually prolonged transition for the Fed's top leadership.