US EditionBloomberg News: Warsh Looks Like a Smart Choice for the Fed
Trump admits 2017 error, nominating Warsh who supports up to five rapid rate cuts to boost growth and reshape Fed policy, shaking global markets.
- Recently, President Donald Trump nominated Kevin Warsh, a former Fed governor , as his Fed chair pick, amid market jitters.
- On Monday, Trump said his 2017 decision to pass over Warsh was `a really big mistake`, blaming then-Treasury Secretary Steven Mnuchin, as Warsh recently aligned with his pro-growth agenda.
- Macro experts note Warsh's potential for multiple cuts as he believes AI will trigger disinflation, criticizing the Fed balance sheet as `bloated` and urging a reformed U.S. regulatory regime.
- The nomination prompted immediate trading shifts, with the U.S. futures trading lower on Tuesday following Monday's positive close, as Warsh faces confirmation hearings before May 22, 2026.
- The nomination raises questions about Federal Reserve independence as analysts warn Warsh could shift policy toward faster rate cuts, while Trump praised him as a `high-quality person`.
14 Articles
14 Articles
'Deadwood': Warsh would shake up Fed staffing
Kevin Warsh, President Donald Trump’s pick to lead the Federal Reserve, has promised a “regime change” at the central bank, a goal that could include overhauling or cutting staffing. Warsh, 55, has been nominated to replace outgoing Fed Chairman Jerome Powell after Powell’s term ends in May. There has been much speculation about how Warsh will conduct monetary policy and shrink the Fed’s balance sheet. Less noted, though, is that he has signaled…
The US Treasury Secretary said the reason for the choice was not necessarily to advocate for lower interest rates and that the American government is seeking the necessary fundamentals for a stronger dollar.
Trump Says He 'Made A Mistake' Passing Over Kevin Warsh For Fed Chair In 2017: 'Really Big Mistake' - Invesco QQQ Trust, Series 1 (NASDAQ:QQQ), State Street SPDR S&P 500 ETF Trust (ARCA:SPY)
Trump admits passing over Kevin Warsh for Fed Chair in 2017 was a "big mistake" caused by staff pressure. Why he's picking him now in 2026.
Trump Nominates New Federal Reserve Chairman
On January 30, President Trump announced his choice to replace Federal Reserve Chairman Jerome Powell, whose term is expiring in May. Trump’s choice, Kevin Warsh, is expected to be confirmed by the Senate because Mr. Warsh is eminently qualified, but before that happens, some political drama must take place. That drama revolves around two controversial...
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