US EditionTrump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
Trump nominates Kevin Warsh, a former Fed governor known for supporting lower interest rates, amid Senate opposition linked to a DOJ probe of current Chair Powell.
- On Jan. 30, President Donald Trump nominated Kevin Warsh to be Federal Reserve chair, pending Senate confirmation to succeed Jerome Powell when his term ends on May 15, 2026.
- Against a backdrop of White House pressure, including an attempt to remove Fed Governor Lisa Cook, President Donald Trump made support for lower rates one of his explicit criteria and faced a Department of Justice investigation tied to Jerome Powell.
- Among his policy positions, Warsh has criticized the Fed's $6.6 trillion balance sheet and urged faster reductions, with Trump praising him as `maybe the best` Fed chairman.
- Markets reacted overnight, with financial markets falling sharply—gold down almost 5% and silver down 13%—while Warsh faces confirmation by the Senate Banking Committee before a full U.S. Senate vote.
- Analysts warn the selection raises concerns about protecting the Fed's independence as Warsh must gain trust from Federal Open Market Committee, financial markets, and President Donald Trump.
451 Articles
451 Articles
Trump taps Kevin Warsh to lead the Federal Reserve, setting up a high-stakes confirmation fight
Donald Trump said on Friday he will nominate Kevin Warsh, a former Federal Reserve governor, to become the next chair of the U.S. central bank, replacing Jerome Powell when Powell’s term as chair expires in May. The announcement, delivered via Truth Social, follows months of speculation over who would inherit the world’s most consequential monetary-policy job.
Trump says he didn’t discuss rate cuts with Warsh: ‘Inappropriate’
President Trump told reporters in the Oval Office on Friday that he did not discuss interest rate cuts with his Federal Reserve chair pick, Kevin Warsh, insisting that would be “inappropriate.” When asked whether Warsh had committed to him that he would cut interest rates if he is confirmed, Trump said, “No, but we talk…
The equity negotiations on Wall Street report losses as investors assimilate President Donald Trump's announcement that Kevin Warsh is the new head of the Federal Reserve. The S&P 500 reports a 0.28 percent decline, in the 6,948.91 integers, followed by the Dow Jones with 0.23 percent downwards, in the 48,396.25 units, and the Nasdaq with 0.17 percent less, around 23,640.99 points.“For today's day, various factors will keep the appetite for risk…
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