"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 wrote. On top of everything else, he is central casting,' and he will never let you down. Warsh, who served on the US central bank's Board of Governors from 2006 to 2011 and has previously advised Trump on economic policy, would succeed Jerome Powell when his term at the helm ends in May."
"If confirmed by the Senate, the former Fed governor will take charge of US monetary policy at a time when many economists and investors see its traditional insulation from elected officials as being under threat from the White House. Warsh aligned himself with the president in 2025 by arguing publicly for lower interest rates, going against his longstanding reputation as an inflation hawk."
Kevin Warsh, a former Federal Reserve governor from 2006 to 2011 who previously advised President Trump, has been named as the intended nominee to succeed Jerome Powell when his term ends in May. Warsh publicly argued in 2025 for significantly lower interest rates, diverging from his earlier reputation as an inflation hawk who was consistently wary of inflation and supported higher rates while at the Fed. The nomination raises concerns about potential White House pressure on the Fed's traditional insulation from elected officials. Interest-rate decisions are made by the 12-member FOMC, which held its benchmark rate steady this week after three cuts at the end of 2025.
Read at www.mercurynews.com
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