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

Who is Kevin Warsh, Trump's pick to succeed Jerome Powell as Federal Reserve chair

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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