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Warsh served on the Fed's governing board from 2006 to 2011 after working as an economic adviser in the George W. Bush administration. He also has ties to Wall Street, so he knows something about economic.
President Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, in hopes that Warsh will follow his roadmap towards much lower interest rates.
Trump has repeatedly complained that the current Fed Chairman, Jerome Powell, is too timid about cutting rates, even though the Fed is supposed to operate at arms length from the White House. Powell's term as Fed chair expires in May.
With Warsh, Trump may be hoping to have a more compliant central banker. Warsh served on the Fed's governing board from 2006 to 2011 after working as an economic adviser in the George W. Bush administration. He beat out other shortlist contenders for the Fed job, including National Economic Council director Kevin Hassett and Fed Governor Chris Waller.
"I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best," Trump wrote in a social media post. "On top of everything else, he is "central casting," and he will never let you down."
Warsh will undoubtedly face questions during his confirmation hearing about whether he's willing to buck pressure from the president. But with a friendly Republican Senate, he seems likely to win confirmation.
During the financial crisis, Warsh served as the Fed's primary ambassador to Wall Street, where he made good use of the contacts he'd made while working at Morgan Stanley. He's currently a visiting fellow at Stanford's Hoover Institution.
https://www.npr.org/2026/01/30/nx-s1-5645091/trump-kevin-warsh-federal-reserve-chair
Trump taps Kevin Warsh to lead the Federal Reserve
President Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, in hopes that Warsh will follow his roadmap towards much lower interest rates.
Trump has repeatedly complained that the current Fed Chairman, Jerome Powell, is too timid about cutting rates, even though the Fed is supposed to operate at arms length from the White House. Powell's term as Fed chair expires in May.
With Warsh, Trump may be hoping to have a more compliant central banker. Warsh served on the Fed's governing board from 2006 to 2011 after working as an economic adviser in the George W. Bush administration. He beat out other shortlist contenders for the Fed job, including National Economic Council director Kevin Hassett and Fed Governor Chris Waller.
"I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best," Trump wrote in a social media post. "On top of everything else, he is "central casting," and he will never let you down."
Warsh will undoubtedly face questions during his confirmation hearing about whether he's willing to buck pressure from the president. But with a friendly Republican Senate, he seems likely to win confirmation.
During the financial crisis, Warsh served as the Fed's primary ambassador to Wall Street, where he made good use of the contacts he'd made while working at Morgan Stanley. He's currently a visiting fellow at Stanford's Hoover Institution.
https://www.npr.org/2026/01/30/nx-s1-5645091/trump-kevin-warsh-federal-reserve-chair
