Today, President Donald Trump has officially chosen Kevin Warsh, a former Federal Reserve governor, to be his nominee for chair of the U.S. Federal Reserve, succeeding Jerome Powell when his term ends in May 2026. Trump announced the pick on his social media platform, praising Warsh’s experience and leadership potential.
In his announcement, Trump wrote: “I have known Kevin for a long time and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is ‘central casting,’ and he will never let you down.”
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Warsh, 55, served on the Federal Reserve’s Board of Governors from 2006 to 2011 and brings both central-bank experience and ties to Wall Street. Observers note his nomination comes at a time when markets and policymakers are closely watching the direction of U.S. monetary policy, especially regarding interest rates and inflation. His confirmation must be approved by the U.S. Senate, where questions about the Fed’s independence are expected to arise.
Why does this nomination matter?
Because it could signal a significant shift in the Federal Reserve’s leadership and monetary strategy, with implications for interest-rate policy, inflation management, and the central bank’s independence.
