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Kiplinger
Kiplinger
Business
David Dittman

The New Fed Chair Was Announced: What You Need to Know

US Federal Reserve Kevin Warsh Jerome Powell Donald Trump the Federal Reserve
(Image credit: Tierney L. Cross/Bloomberg via Getty Images)

After months of speculation — and years of criticizing his last pick — President Donald Trump announced his selection for the next chair of the Federal Reserve.

The president announced on Friday, January 30, that Kevin Warsh will be the next Fed chair. If approved by the Senate, he will take over when Jerome Powell's term ends in May 2026. Trump had been reviewing several candidates for some time now.

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