3 things to know about Kevin Warsh, Trump’s nod for Fed chair |
After months of speculation, President Donald Trump nominated Kevin Warsh on Jan. 30, 2026, to be the next chair of the Federal Reserve.
If confirmed by Congress, Warsh will inherit leadership of the U.S. central bank at a delicate time. For months, current Fed Chair Jerome Powell has come under attack from the Trump administration for failing to heed the president’s call for lower interest rates. The fight has put into question the central bank’s independence and its role in stewarding the economy.
Powell’s term as chair will end in mid-May, leaving his successor to navigate an economy that has improved on some fronts but remains uneven and uncertain.
But what should America expect from the next Fed chair? Here are three things to note about Trump’s nominee.
Warsh brings deep experience with monetary policymaking to the role.
A graduate of Stanford University and Harvard Law School, he served as special assistant to the president for economic policy and executive secretary of the White House National Economic Council under President George W. Bush before becoming one of the youngest members of the Federal Reserve Board of Governors.
Warsh is no newcomer to discussions about Federal Reserve leadership. He was a finalist for the job in 2017, when Trump instead appointed Powell. Trump has since stated that he made a mistake by not selecting Warsh then – though........