After months of speculation, President Donald Trump nominated Kevin Warsh on Jan. 30, 2026, to be the next chair of the Federal Reserve. If confirmed by Congress, Warsh will inherit leadership of the U.S. central bank at a delicate time. A graduate of Stanford University and Harvard Law School, he served as special assistant to the president for economic policy and…
Economic News
US futures and Asian shares slip as worries over Trump's Fed chief pick and AI weigh on markets
U.S. futures and Asian shares skidded on Monday as worries over President Donald Trump’ s nominee to be the next Federal Reserve chair amplified jitters over a possible bubble in the artificial intelligence boom. Markets also took a hit as investors considered how Kevin Warsh, Trump’ s new nominee to lead the Federal Reserve, might handle interest rates.
A Republican senator is vowing to oppose Federal Reserve nominees until a criminal inquiry into Chair Jerome H. Powell is resolved, creating an uncertain path for President Trump’ s nomination of Kevin Warsh to lead the central bank. Thom Tillis of North Carolina, says that Mr. Warsh, a former Fed governor with a deep knowledge of Wall Street, is qualified to be Fed…
Ms. Warren, the top Democrat on the Senate Banking Committee that will vet nominee Kevin Warsh, said Mr. Trump made it no secret that he wants to bend the Fed to his will. Once hawkish about lowering interest rates, fearing inflation, Mr. Warsh now agrees with Mr. Trump and says interest rates are too high. Thom Tillis, North Carolina Republican, said he will block Mr. Warsh…
Mr. Warsh served as the Fed's liaison to Wall Street during the financial crisis, and his recent calls for "regime change" and lower interest rates at the Fed likely appealed to Mr. Trump. The Senate must vote to confirm Mr. Warsh as chairman of the Fed, a powerful institution that sets monetary policy and interest rates that impact terms for savings, loans and…
Thom Tillis, R- N.C., is "holding the entire country and our economy hostage" for opposing President Donald Trump's choice of Kevin Warsh to be the next chairman of the Federal Reserve. However, the Department of Justice continues to pursue a criminal investigation into Chairman Jerome Powell based on committee testimony that no reasonable person could construe…
After months of speculation, President Donald Trump nominated Kevin Warsh on Jan. 30, 2026, to be the next chair of the Federal Reserve. If confirmed by Congress, Warsh will inherit leadership of the U.S. central bank at a delicate time. A graduate of Stanford University and Harvard Law School, he served as special assistant to the president for economic policy and…
