Who is Kevin Warsh, Trump's Fed Chair nominee?

Описание: President Trump nominated Kevin Warsh as the next chair of the Federal Reserve.

He named Warsh during an executive order signing on Friday.

LiveNOW's Mike Pache spoke about Warsh with Barron's senior writer Megan Leonhardt.

MORE ON THE FED:
The Fed, led by its chair, maintains U.S. financial stability by governing the U.S. money supply and credit conditions to keep inflation under control and maximize employment — a role in which it answers to Congress, according to the Fed's website.

The current Fed Chair, Jerome Powell, term ends on May 15. The Senate has not yet announced when Warsh’s confirmation hearings will begin.

MORE ON WARSH:
After starting his career in the private sector, Warsh began working for the Bush administration in 2002 as a special assistant to the president and would go on to receive a nomination to serve on the Fed’s board of governors in 2006.

At just 35 years old, Warsh became the youngest appointee in Fed board history. He served in that role until 2011.

Trump originally considered Warsh for the position of Fed chair in 2017 but eventually nominated Powell instead. Trump also considered him as a candidate for Treasury Secretary after winning re-election in 2024.

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