After returning to the White House in November 2024, President Donald Trump has taken a bold step in reshaping the Federal Reserve. On January 30, 2026, he nominated Kevin Warsh to succeed Jerome Powell, whose term ends in May.
Who is Kevin Warsh?
Kevin Maxwell Warsh (55) is a seasoned economist and former central banker:
Fed Board of Governors (2006ā2011) ā key liaison to Wall Street, crisis response lead, G20 representative
Morgan Stanley (1995ā2002) ā VP & Executive Director in M&A
Academic roles at Stanford University ā Hoover Institution & Graduate School of Business
Partner at Duquesne Family Office, board member at UPS & Coupang
Member of Group of Thirty (G30) and Congressional Budget Officeās Panel of Economic Advisers
Warsh is widely regarded as an expert in monetary policy, banking, and global finance, making him a high-profile choice for the Fedās top spot.
Why it matters
Trumpās pick signals a potential shift in U.S. monetary policy. Markets will be watching closely for changes in:
Interest rate guidance
Inflation targeting
Fed communication strategy
This nomination combines experience with Trumpās desire for a more aggressive Fed stance, likely influencing the next phase of economic policy.
š Your thoughts? Will Warsh steer the Fed differently than Powell?
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