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Trump Considers Warsh for Fed Chair Amid Tensions

4/18/2025

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Summary

Story summary

President Trump is eyeing Kevin Warsh as a possible successor to Federal Reserve Chair Jerome Powell, whose term concludes in May 2026. Despite Trump's past criticisms of Powell, Warsh has cautioned against a hasty dismissal. This situation underscores the escalating tensions between Trump and Powell over interest rate strategies, with Trump asserting his power to make swift changes.

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Story summary

President Trump is eyeing Kevin Warsh as a possible successor to Federal Reserve Chair Jerome Powell, whose term concludes in May 2026. Despite Trump's past criticisms of Powell, Warsh has cautioned against a hasty dismissal. This situation underscores the escalating tensions between Trump and Powell over interest rate strategies, with Trump asserting his power to make swift changes.