After months of speculation, President Donald Trump nominated Kevin Warsh on Jan. 30, 2026, to be the next chair of the Federal Reserve.
If confirmed by Congress, Warsh will inherit leadership of the U.S. central bank at a delicate time. For months, current Fed Chair Jerome Powell has come under attack from the Trump administration for failing to heed the president’s call for lower interest rates. The fight has put into question the central bank’s independence and its role in stewarding the economy.
