President Trump announced on Friday that he was nominating Kevin M. Warsh to serve as the next chair of the Federal Reserve, positioning the former central bank governor to take a pivotal role in steering an institution that has faced a barrage of attacks from the administration over its reluctance to more aggressively lower interest rates.
In a post on Truth Social, Mr. Trump praised Mr. Warsh, saying, “He will go down as one of the GREAT Fed Chairmen, maybe the best.”
“On top of everything else, he is ‘central casting’ and will never let you down,” the president wrote.
Mr. Trump repeated that line during remarks at the White House and said that while he did not get a commitment from Mr. Warsh to cut rates, he expected that he would do so.
President Trump picks a reinvented Kevin Warsh as the next chair of the Fed. Warsh, who served on the US central bank's Board of Governors from 2006 to 2011, would succeed Jerome Powell when his term ends in May. As a Fed governor from 2006-11, Warsh called for higher rates even… pic.twitter.com/qtG5DGUtUv
— Holger Zschaepitz (@Schuldensuehner) January 30, 2026
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