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Trump Nominates Kevin Warsh as Fed Chair, Senate Confirms

4/27/2026

40 9 Full Breakdown

Summary

Story summary

President Donald Trump nominated former Federal Reserve (Fed) governor Kevin Warsh as Fed chair, with Senate confirmation for a May start.
Warsh served on the Fed Board from 2006 to 2011 after President George W. Bush appointed him, overseeing the global financial crisis.
Known as an inflation hawk for dissenting on 2010 quantitative easing, Warsh now backs interest-rate cuts in line with President Donald Trump's push for easier policy.

History

Historical Context

After President Jimmy Carter named William Miller chair of the Federal Reserve in March 1978, Miller’s modest rate moves failed to curb stagflation, prompting Carter to replace him with Paul Volcker in 1979, whose aggressive tightening ended double-digit inflation. On Jan 30 2026, Donald Trump announced former Fed governor Kevin Warsh as his next nominee, reviving the tradition of politically driven monetary-policy shifts.

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Story summary

President Donald Trump nominated former Federal Reserve (Fed) governor Kevin Warsh as Fed chair, with Senate confirmation for a May start.
Warsh served on the Fed Board from 2006 to 2011 after President George W. Bush appointed him, overseeing the global financial crisis.
Known as an inflation hawk for dissenting on 2010 quantitative easing, Warsh now backs interest-rate cuts in line with President Donald Trump's push for easier policy.

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