Trump Taps Kevin Warsh For Fed Chair, Raising Stakes For Independence

2026-01-30 - 12:45

Key Points Trump says he will nominate Kevin Warsh to replace Jerome Powell in mid-May 2026. The Fed is holding rates at 3.5% to 3.75% after three 2025 cuts (Sep, Oct, Dec). A Justice Department probe into a Fed renovation could complicate confirmation. Donald Trump says he plans to nominate Kevin Warsh as the next