Trump formally nominated Kevin Warsh to replace Jerome Powell as FED Chairman on January 30, 2026. The nomination requires Senate confirmation, and the process is ongoing with objections from some Republicans and Democrats, making the confirmation path somewhat uncertain. If confirmed,

Who is Kevin Warsh? Kevin Warsh (55) served as a Federal Reserve Governor from 2006 to 2011 and participated in critical decisions during the 2008 global financial crisis. A graduate of Stanford and Harvard Law School, Warsh worked as a senior executive at Morgan Stanley and as an economic advisor in the Bush administration. In recent years, Warsh has been a harsh critic of Fed policies, particularly stating that he finds keeping interest rates low for too long and expanding the balance sheet "too lenient." He also described Bitcoin as "transformative" and "an important financial signal"; he is seen as "pro-crypto" in some crypto communities.
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