United States President Donald Trump has nominated Kevin Warsh, a former Federal Reserve governor, to serve as the next Chair of the US Federal Reserve, according to an official announcement. Warsh has been nominated to succeed Jerome Powell, whose term as Fed chair is due to end in May 2026.
Kevin Warsh previously served on the Federal Reserve Board between 2006 and 2011, a period that included the global financial crisis. During his tenure, he was involved in key policy discussions around financial stability and monetary response measures.
Warsh, who has since worked in academia and the private sector, is known for his views on monetary policy and financial regulation. He has held advisory roles on economic matters and has remained an active voice in debates on inflation, interest rates, and central bank independence.
The Federal Reserve plays a critical role in shaping the US economy, with responsibilities that include setting interest rates, managing inflation, and ensuring stability in the financial system. Any change in leadership is closely watched by global markets.
An official familiar with the nomination said, “Warsh brings prior experience at the Federal Reserve and a strong understanding of monetary policy challenges.”
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The nomination will now be reviewed by the US Senate, where confirmation hearings are expected in the coming months. If approved, Warsh will assume office in 2026 and lead the central bank during a period of continued focus on inflation control, economic growth, and financial stability.
