Director of the Office of Management and Budget (OMB) Russell Vought departs the East Room of the White House after a swearing in ceremony for the new Chairman of the Federal Reserve Kevin Warshin Washington, DC on May 22, 2026. The US Senate confirmed Kevin Warsh as the new Federal Reserve Chairman on May 13 to lead a central bank whose independence is under attack and with inflation at a three-year high. (Photo by Aaron Schwartz / AFP via Getty Images)