Rate-Slice Warsh

Markets Sizzle as Trump Nominates Kevin Warsh to Lead the Fed

Published January 30, 2026

President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as the next chair of the Federal Reserve, a decision that promises to reshape U.S. monetary policy and stoke debate over central bank independence. Warsh, a seasoned Fed insider with Wall Street ties and a history as both inflation hawk and recent supporter of rate cuts, has drawn mixed reactions from markets and policymakers. His nomination comes amid sustained political pressure on the institution and questions about its future direction, and must now be confirmed by the U.S. Senate.