President Donald J. Trump on Friday, January 30, 2026, formally announced the nomination of Kevin M. Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System, selecting the former central bank official to take over when Jerome H. Powell’s term concludes in May 2026.
The White House said the president chose Warsh based on his prior experience at the Federal Reserve and his long-standing engagement with U.S. economic and monetary policy.
The nomination places a former Fed governor back in charge of the nation’s central banking authority during a period of close scrutiny over interest rates and inflation management.
Warsh served on the Federal Reserve Board of Governors from 2006 to 2011, a tenure that spanned the global financial crisis.
During that period, he participated in key policy decisions and acted as a senior representative of the Federal Reserve in discussions with financial institutions and international economic partners.
At the time of his appointment, he was among the youngest governors in the institution’s history.
After leaving the Federal Reserve, Warsh remained active in economic policy through roles in finance, academia, and public policy analysis.
He has continued to comment publicly on monetary policy issues, including inflation trends, interest rate strategy, and central bank governance.
The nomination reflects President Trump’s broader effort to influence the direction of the Federal Reserve, an institution he has repeatedly criticized over monetary policy decisions.
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The administration has emphasized the need for policies it believes will better support economic growth and financial stability.
Warsh’s nomination is subject to confirmation by the United States Senate, where lawmakers are expected to examine his views on monetary policy, regulatory oversight, and the independence of the Federal Reserve.
If confirmed, Warsh would assume leadership of the central bank at a time of heightened economic uncertainty, with responsibility for guiding U.S. monetary policy and overseeing the federal banking system.