economy
January 30, 2026
Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Federal Reserve chair
Updated on: January 30, 2026 / 10:45 AM EST / CBS News
TL;DR
- President Trump is reportedly nominating Kevin Warsh to replace Jerome Powell as Federal Reserve chair.
- Warsh is considered a safe choice by Wall Street due to his monetary policy experience and hawkish inflation views.
- He previously served as a Federal Reserve governor from 2006 to 2011.
- Warsh has criticized the Fed for focusing too much on backward-looking data.
- His recent comments suggest he could support lower interest rates, aligning with Trump's views.
- Warsh has expressed concerns about the Fed's "bloated balance sheet" impacting credit accessibility.
- He has ties to prominent figures in finance, including billionaire investor Stanley Druckenmiller, and is married to heiress Jane Lauder.
- Warsh has also taught at Stanford Business School and worked with conservative think tanks.
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