Trump announces Kevin Warsh his nominee for chairman of the U.S. Federal Reserve

Washington – US President Donald Trump announced Kevin Warsh’s nomination on Friday. Warsh is 56 years old. He was born in New York. He holds a Bachelor’s degree from Stanford University. He earned a Juris Doctor from Harvard Law School. He is nominated to chair the Federal Reserve. The Federal Reserve is the US central bank. Trump’s nomination will replace Jerome Powell. Powell’s term ends in May 2026. The Senate must approve Trump’s nomination. The White House is making unprecedented efforts. These efforts aim to control the Federal Reserve. The Fed’s primary mission is curbing inflation.

Reuters later quoted an unnamed source. The source stated Warsh met Trump at the White House last Thursday. Warsh has criticized the central bank’s policies. He believes the system needs change. This change would restore its lost credibility.

Kevin Warsh’s resume highlights his prominence. He is a leading figure in US monetary and economic policymaking. His career spans government service. It also includes the financial sector and academia.

Warsh participates in several influential economic bodies. He is a trustee of the Group of Thirty (G30). He also serves on the Congressional Budget Office (CBO). This is the CBO’s panel of economic advisers.

Warsh served on the Federal Reserve Board of Governors. His term was from 2006 to 2011. He was the youngest to hold this position. He was 35 at the time of his appointment. He played a pivotal role during the 2008 global financial crisis. He represented the Federal Reserve at the G20. He also served as an envoy. His role involved emerging and advanced Asian economies. He was the administrative governor overseeing operations. He managed human resources and financial performance for the Board.

Before joining the Fed, Warsh held key roles. He was Special Assistant to the President for Economic Policy. He served as Executive Secretary of the National Economic Council. These roles were at the White House. He served under the George W. Bush administration. He previously worked at Morgan Stanley in New York. His work there was in mergers and acquisitions.

Academically and in research, Warsh conducted extensive studies. His focus was on economics and monetary policy. He submitted an independent report to the Bank of England. This report concerned reforming monetary policy management. The British Parliament later adopted his recommendations.