Donald Trump Announces Kevin Warsh as New Fed Chair, Replacing Powell
President Donald Trump has announced his choice for the next chair of the US Federal Reserve, nominating Kevin Warsh to lead the central bank.
- Donald Trump nominates Kevin Warsh as Fed chair.
- Warsh is a former Fed governor with deep market experience.
- Senate confirmation now in focus, markets watching policy impact.
The decision, revealed in a Truth Social post, marks a major moment for US monetary policy as Trump moves to reshape key economic institutions in his current term.
Trump praised Warsh as a standout figure in economics and finance, saying he expects him to go down as one of the greatest Fed chairmen. The nomination now heads to the Senate, where confirmation hearings are expected to draw intense scrutiny from lawmakers and markets alike.
A familiar face at the Federal Reserve
Warsh is well known inside the Fed. He served as a governor from 2006 to 2011, becoming the youngest person ever appointed to the role at just 35. During that period, he represented the Federal Reserve at G-20 meetings and acted as the central bank’s emissary to both emerging and advanced economies in Asia. He also held the position of administrative governor, overseeing internal operations, staffing, and financial management.
Before and after his time at the Fed, Warsh built a résumé that bridges public service and Wall Street. He worked as a senior economic adviser in the White House earlier in his career, spent time at Morgan Stanley in mergers and acquisitions, and later became a partner at Duquesne Family Office alongside Stanley Druckenmiller.
He is currently affiliated with Stanford University and the Hoover Institution, and has advised foreign central banks, including authoring a monetary policy reform report for the Bank of England that was later adopted by the UK Parliament.
Why Trump chose Warsh
According to Trump’s statement, Warsh stood out among several high-profile candidates, including National Economic Council Director Kevin Hassett, current Fed Governor Christopher Waller, and BlackRock fixed-income chief Rick Rieder. The final pick suggests Trump is prioritizing deep institutional knowledge of the Federal Reserve combined with real-world market experience.
If confirmed, Warsh will take over the Fed at a time when inflation, interest rates, and central bank independence remain at the center of political and market debates. Investors are now likely to revisit his past views on monetary policy for clues about how the Federal Reserve may operate under his leadership.
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