Trump names Kevin Warsh to be next Fed chairman
Confidence requires clarity.
President Donald Trump has named former Fed governor Kevin Warsh to be the next Federal Reserve chairman.
Warsh, 55, would replace current Fed Chairman Jerome Powell when his term is up. The pick was announced in advance of Powell’s departure in May, as expected by Fed watchers.
“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 said in his announcement Friday.
Warsh was the youngest governor to be appointed as Fed governor. He was named to the institution when he was 35. He currently serves as a fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business.
INFLATION AND AFFORDABILITY LOOM OVER MIDTERM ELECTIONS
Trump has railed against Powell for months, arguing that the Fed hasn’t lowered interest rates quickly enough. Warsh would likely push more aggressively for looser monetary policy.
Most Fed watchers had expected that Trump would either choose Warsh, BlackRock chief fixed income strategist Rick Rieder, or National Economic Council Director Kevin Hassett to lead the central bank.
Warsh is a bit of an outsider in the sense that he has not been a public policymaker for over a decade. Still, he served on the Fed Board of Governors throughout the Great Recession and has been a prominent name in the world of finance and economics for quite some time.
The Fed has been cutting interest rates in recent months, even if more slowly than Trump prefers. The central bank pared interest rates back by a modest quarter of a percentage point at several meetings in 2025, but held off on cutting rates again in January.
Bush nominated Warsh to the Fed board in 2006, and he served in the role under Obama as well. A big chunk of his time at the Fed overlapped the 2008 financial crisis and Great Recession. After leaving the central bank, Warsh worked as a distinguished visiting fellow at Stanford University’s Hoover Institution.
Warsh has faced some criticism for his handling of the 2008 financial crisis and its fallout. At that time, the Fed took extraordinary actions to intervene in the economy and to prop up the markets. Unemployment was spiraling, and then-Fed Chairman Ben Bernanke spearheaded looser money policies that Warsh at the time panned as being possibly inflationary.
Warsh appeared overly fixated on inflation during a time when unemployment was rising and the economy was collapsing. Some argue that if he had his way, …
Confidence requires clarity.
President Donald Trump has named former Fed governor Kevin Warsh to be the next Federal Reserve chairman.
Warsh, 55, would replace current Fed Chairman Jerome Powell when his term is up. The pick was announced in advance of Powell’s departure in May, as expected by Fed watchers.
“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 said in his announcement Friday.
Warsh was the youngest governor to be appointed as Fed governor. He was named to the institution when he was 35. He currently serves as a fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business.
INFLATION AND AFFORDABILITY LOOM OVER MIDTERM ELECTIONS
Trump has railed against Powell for months, arguing that the Fed hasn’t lowered interest rates quickly enough. Warsh would likely push more aggressively for looser monetary policy.
Most Fed watchers had expected that Trump would either choose Warsh, BlackRock chief fixed income strategist Rick Rieder, or National Economic Council Director Kevin Hassett to lead the central bank.
Warsh is a bit of an outsider in the sense that he has not been a public policymaker for over a decade. Still, he served on the Fed Board of Governors throughout the Great Recession and has been a prominent name in the world of finance and economics for quite some time.
The Fed has been cutting interest rates in recent months, even if more slowly than Trump prefers. The central bank pared interest rates back by a modest quarter of a percentage point at several meetings in 2025, but held off on cutting rates again in January.
Bush nominated Warsh to the Fed board in 2006, and he served in the role under Obama as well. A big chunk of his time at the Fed overlapped the 2008 financial crisis and Great Recession. After leaving the central bank, Warsh worked as a distinguished visiting fellow at Stanford University’s Hoover Institution.
Warsh has faced some criticism for his handling of the 2008 financial crisis and its fallout. At that time, the Fed took extraordinary actions to intervene in the economy and to prop up the markets. Unemployment was spiraling, and then-Fed Chairman Ben Bernanke spearheaded looser money policies that Warsh at the time panned as being possibly inflationary.
Warsh appeared overly fixated on inflation during a time when unemployment was rising and the economy was collapsing. Some argue that if he had his way, …
Trump names Kevin Warsh to be next Fed chairman
Confidence requires clarity.
President Donald Trump has named former Fed governor Kevin Warsh to be the next Federal Reserve chairman.
Warsh, 55, would replace current Fed Chairman Jerome Powell when his term is up. The pick was announced in advance of Powell’s departure in May, as expected by Fed watchers.
“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 said in his announcement Friday.
Warsh was the youngest governor to be appointed as Fed governor. He was named to the institution when he was 35. He currently serves as a fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business.
INFLATION AND AFFORDABILITY LOOM OVER MIDTERM ELECTIONS
Trump has railed against Powell for months, arguing that the Fed hasn’t lowered interest rates quickly enough. Warsh would likely push more aggressively for looser monetary policy.
Most Fed watchers had expected that Trump would either choose Warsh, BlackRock chief fixed income strategist Rick Rieder, or National Economic Council Director Kevin Hassett to lead the central bank.
Warsh is a bit of an outsider in the sense that he has not been a public policymaker for over a decade. Still, he served on the Fed Board of Governors throughout the Great Recession and has been a prominent name in the world of finance and economics for quite some time.
The Fed has been cutting interest rates in recent months, even if more slowly than Trump prefers. The central bank pared interest rates back by a modest quarter of a percentage point at several meetings in 2025, but held off on cutting rates again in January.
Bush nominated Warsh to the Fed board in 2006, and he served in the role under Obama as well. A big chunk of his time at the Fed overlapped the 2008 financial crisis and Great Recession. After leaving the central bank, Warsh worked as a distinguished visiting fellow at Stanford University’s Hoover Institution.
Warsh has faced some criticism for his handling of the 2008 financial crisis and its fallout. At that time, the Fed took extraordinary actions to intervene in the economy and to prop up the markets. Unemployment was spiraling, and then-Fed Chairman Ben Bernanke spearheaded looser money policies that Warsh at the time panned as being possibly inflationary.
Warsh appeared overly fixated on inflation during a time when unemployment was rising and the economy was collapsing. Some argue that if he had his way, …
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