Trump nominates Kevin Warsh to be next Fed Chair

Source: Yahoo! Finance

Updated Fri, January 30, 2026 at 7:00 AM EST


Opting for a conventional choice to lead the Federal Reserve, President Trump on Friday nominated former Fed governor Kevin Warsh to be the next chair of the central bank and succeed Jerome Powell.

"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. On top of everything else, he is 'central casting,' and he will never let you down," Trump said in his announcement, which he posted to Truth Social.

Warsh has experience navigating the central bank. President George W. Bush appointed him to serve as Fed governor from 2006 until 2011. He became former Fed Chair Ben Bernanke’s liaison to Wall Street during the chaos of the 2008 financial crisis. Before serving at the Fed, Warsh was special assistant to Bush for economic policy and an executive secretary at the National Economic Council, where he advised the president and senior administration officials on the US economy.

He has also worked in M&A at Morgan Stanley (MS). Warsh holds a degree in public policy with a focus on economics and statistics from Stanford as well as a law degree from Harvard. He is a known figure to Trump, who interviewed him for the Fed chair post eight years ago before selecting Powell.

Read more: https://finance.yahoo.com/news/trump-nominates-kevin-warsh-to-be-next-fed-chair-120003470.html