Trump Taps Kevin Warsh To Lead Federal Reserve

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Donald Trump named Kevin Warsh to be the next chair of the Federal Reserve, ending months of speculation over who’d take charge of US interest rates as the president pushes for big cuts.

Trump elevated Warsh, who’s advised him on economic policy and previously served as a Fed governor, to succeed Jerome Powell when his term at the helm ends in May. It marks a comeback for Warsh, 55, who’s called for a major overhaul of the Fed but was passed over for the top job in 2017 when Trump opted for Powell.

If confirmed by the Senate, Warsh will take the reins at a time when many economists and investors see the Fed’s traditional insulation from elected officials as being under threat from the White House. Warsh aligned himself with Trump in 2025 by arguing publicly for lower rates, going against his longstanding reputation as an inflation hawk.

Bloomberg Washington Correspondents Joe Mathieu and Kailey Leinz deliver insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. On this edition, Bloomberg's Tyler Kendall is in for Kailey. Joe and Tyler speak with:

• Bloomberg Washington Correspondent Tyler Kendall.
• Former White House Council of Economic Advisers Member Heather Boushey.
• Harvard Kennedy School's Ash Center Visiting Democracy Fellow Jeanne Sheehan Zaino and Firehouse Strategies Managing Director Matt Terrill.
• Center for Strategic and International Studies Economic Security and Technology Department President Navin Girishankar.
• House Financial Services Committee Chairman French Hill.

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