Trump nominates Kevin Warsh for Fed Chair replacement

Thairath•International•248d ago

Reader Briefing

President Trump has nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as Fed Chair, a move that faces scrutiny over political pressure on monetary policy independence.

•President Donald Trump of the United States has nominated Kevin Warsh, a former Fed governor, to become the new Chair of the Federal Reserve.
•Warsh would replace Jerome Powell, whose term as Fed Chair concludes in May 2025.
•The nomination occurs amidst Trump's continued pressure on Powell to lower interest rates and broader concerns about political influence over the Federal Reserve's independent monetary policy decisions.

Overview

•On January 30, 2026, President Donald Trump nominated Kevin Warsh for the position of Federal Reserve Chair.
•President Donald Trump nominated Kevin Warsh, a former Federal Reserve governor, to be the new Federal Reserve Chair.
•The nomination of Kevin Warsh is intended to replace Jerome Powell, whose term as Fed Chair ends in May 2025.
•The nomination follows continuous pressure from President Trump on Jerome Powell to lower interest rates faster than the Fed has been acting.
•President Trump posted on social media stating that Warsh could become 'one of the greatest Fed Chairs'.
•Kevin Warsh, aged 55, is perceived to be within Trump's political sphere and has previously advocated for interest rate cuts.
•The nomination is expected to undergo intense scrutiny in the U.S. Senate, particularly concerning criticisms that political pressure may compromise the Fed's independence.
•The U.S. Department of Justice has also opened a criminal investigation involving Powell, further increasing political pressure on the Federal Reserve.

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Key Quotes

Donald Trump

"Warsh could become 'one of the greatest Fed Chairs.'"

วอร์ช อาจกลายเป็น “หนึ่งในประธานเฟดที่ยิ่งใหญ่ที่สุด”

Key Entities

Person

Donald Trump(โดนัลด์ ทรัมป์)ℹ️

President of the United States who nominated Kevin Warsh for the Federal Reserve Chair position.

Kevin Warsh(เควิน วอร์ช)ℹ️

Former Federal Reserve governor nominated by Donald Trump to be the new Federal Reserve Chair.

Jerome Powell(เจอโรม พาวเวลล์)ℹ️

Current Chair of the Federal Reserve whose term is ending and who is facing political pressure.

Organization

Federal Reserve(ธนาคารกลางสหรัฐฯ)ℹ️

The central banking system of the United States, whose leadership is the subject of a nomination.

Fed(เฟด)ℹ️

An abbreviation for the Federal Reserve, the central banking system of the United States.

U.S. Department of Justice(กระทรวงยุติธรรมสหรัฐ)ℹ️

The government department that has opened a criminal investigation related to Jerome Powell.