economy
February 2, 2026
My hope for Trump's Fed chief pick Kevin Warsh
Warsh was for being tight on interest rates in 2007 and being loose now. Let's just note it as an oddity and not castigate.
TL;DR
- Kevin Warsh, a former Fed governor, has been nominated by President Trump to be the next Fed chair.
- Warsh's past monetary policy stance has shifted, being hawkish in 2007 and seemingly favoring lower rates now.
- He has expressed views aligning with Trump's desire for lower rates, citing potential productivity booms from AI.
- Warsh has criticized the current Fed for focusing on issues beyond its dual mandate, such as climate change and DEI.
- His personal life, married to Jane Lauder, is described as private, potentially insulating him from presidential attacks.
- The article contrasts Trump's criticisms of Powell with historical presidential interactions and discusses the potential impact of presidential pressure on Fed independence.
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