US EditionTrump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome 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.
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434 Articles
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…
Trump Fed chair pick’s in-law credited with sparking Greenland obsession
Donald Trump's much-anticipated pick for the next Federal Reserve Chair, Kevin Warsh, has a close family connection credited with sparking the president's long-running obsession with Greenland, according to a Friday report from Fortune.Warsh is a financier who previously served on the Fed Board of Governors from 2006 to 2011, with Fortune noting that he may be perceived as a more grounded and disciplined choice to lead the central bank than many…
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