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Trump Nominates Warsh as Fed Chair, Rejects Forward Guidance

7/16/2026

Summary

Story summary

U.S. President Donald Trump nominated Kevin Warsh as Federal Reserve (Fed) Chair and scheduled his testimony before the Senate Banking Committee on April 21, 2026.
Kevin Warsh said he wants to move away from forward guidance.
Kevin Warsh argued that dropping forward guidance would let the Fed decide at each meeting without shaping market expectations.
Kevin Warsh declined to provide forward-looking financial projections, although his colleagues offered them at the June meeting.

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Story summary

U.S. President Donald Trump nominated Kevin Warsh as Federal Reserve (Fed) Chair and scheduled his testimony before the Senate Banking Committee on April 21, 2026.
Kevin Warsh said he wants to move away from forward guidance.
Kevin Warsh argued that dropping forward guidance would let the Fed decide at each meeting without shaping market expectations.
Kevin Warsh declined to provide forward-looking financial projections, although his colleagues offered them at the June meeting.