Trump Nominates Kevin Warsh as Next Federal Reserve Chair to Replace Jerome Powell

President Donald Trump announced on January 30, 2026, his nomination of Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. The announcement came via Truth Social, where Trump praised Warsh as a long-time acquaintance who would be remembered as one of the great Fed chairs. Powell's term expires in May 2026, and Warsh now faces Senate confirmation to take over the role.

Warsh, a former Federal Reserve governor from 2006 to 2011, has been a vocal critic of Powell's policies, particularly on inflation management. He currently serves as a distinguished visiting fellow in economics at the Hoover Institution, a lecturer at Stanford Graduate School of Business, and a partner at Stanley Druckenmiller's Duquesne Family Office LLC. Warsh holds an A.B. from Stanford University and a J.D. from Harvard Law School.

This nomination aligns with Trump's previous criticisms of Powell, whom he has targeted with repeated insults. If confirmed, Warsh would lead the central bank amid ongoing economic challenges, potentially influencing interest rates and monetary policy in new directions.

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