The White House announced that President Donald J. Trump has nominated Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System, prompting a broad round of supportive statements from lawmakers, industry bodies, and market commentators. The release highlighted Warsh’s prior service as a Federal Reserve Governor during the 2008 financial crisis, along with experience as a Morgan Stanley executive and as a senior economic adviser in the George W. Bush administration, as well as academic credentials from Stanford University and Harvard Law School. Public endorsements referenced priorities including focusing the Federal Reserve on its statutory mandate, strengthening transparency and accountability, reducing the balance sheet, and supporting financial innovation. Senate Banking Committee Chairman Tim Scott said he intends to lead a timely confirmation process and emphasised that Federal Reserve independence remains paramount.
The White House 2026-01-30
US White House nominates Kevin Warsh to chair the Federal Reserve Board
President Donald J. Trump has nominated Kevin Warsh as Chairman of the Board of Governors of the Federal Reserve System, with endorsements highlighting his experience and priorities such as enhancing transparency and accountability. Senate Banking Committee Chairman Tim Scott plans a timely confirmation process, stressing the importance of Federal Reserve independence.