Will Trump’s pick to lead US central bank get him the change he wants?
Background on Kevin Warsh’s nomination
President Donald Trump has nominated Kevin Warsh to be the next chair of the Federal Reserve, succeeding Jerome Powell. Warsh, a former Federal Reserve governor, is seen as a key figure in shaping the future of U.S. monetary policy.
Opinion on alignment with Trump’s views
Opinion is divided over whether Warsh will align with the U.S. president’s views on how the Federal Reserve should be run. Some analysts believe Warsh may support Trump’s call for higher interest rates to combat inflation, while others question his independence from political influence.
Implications for monetary policy
The acceptance of Warsh is partially a gamble that a Fed with him in charge might not change much. If confirmed, Warsh could challenge central banking orthodoxy, potentially introducing more aggressive economic policies.
Timeline and confirmation
Trump announced the nomination on Friday, with Warsh expected to take over the role in May 2026. The nomination has sparked debate over the independence of the Federal Reserve and its role in economic governance.