US EditionTrump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
- On Friday, President Donald Trump named Kevin Warsh as his Fed chair nominee, saying `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 made support for lower rates one of his explicit criteria, and Warsh has recently aligned with Trump on pushing the Fed to cut interest rates more steeply.
- Warsh brings deep Fed experience, serving on the Board from 2006 to 2011 and advising Ben Bernanke during the financial crisis, plus Wall Street and academic ties at Morgan Stanley and Stanford University's Hoover Institution.
- The nomination heads to the U.S. Senate for confirmation, but Senator Thom Tillis may block nominees and Jerome Powell could remain as Fed governor, complicating Federal Reserve control.
- Looking beyond confirmation, the Fed's internal split and investor behavior suggest Warsh’s plans to slim the Federal Reserve balance sheet and ease regulation may face limits from financial markets and the Federal Open Market Committee.
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68 Articles
The 55-year-old economist creates the feat of being a monetary-policy hardliner and yet supporting Trump's call for lower key interest rates.
The US Federal Reserve is to be given a new head: US President Trump proposes Kevin Warsh for this post. He has worked for the Federal Reserve before. The former Fed boss Powell had repeatedly clashed with Trump.
Meet Trump's next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time
Trump confirmed Warsh as the Fed chair nominee Friday morning. Here's what might be in store for the central bank.
Trump Picks Kevin Warsh as New Federal Reserve Chair
President Donald Trump said on Jan. 30 that former Federal Reserve Governor Kevin Warsh will be the next head of the U.S. central bank. While the new chair will be just one vote, Trump believes other officials will change their minds and support cutting interest rates. “If they respect the Fed chairman—they don’t respect this Fed chairman—if they respect the Fed chairman, they’ll be with us all the way,” Trump told reporters during the premiere …
Donald Trump names Kevin Warsh as next chair of US Federal Reserve
Donald Trump names Kevin Warsh as next chair of US Federal Reserve The United States President Donald Trump on Friday announces to nominate Kevin Warsh as the next chair of the Federal Reserve. In a post on his Truth Social platform, Trump said, "I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.""I have known Kevin for a long period of time, and have no doubt tha…
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