Who is Kevin Warsh? Kevin Warsh (55) served as a Federal Reserve Governor from 2006 to 2011 and participated in critical decisions during the 2008 global financial crisis. A graduate of Stanford and Harvard Law School, Warsh worked as a senior executive at Morgan Stanley and as an economic advisor in the Bush administration. In recent years, Warsh has been a harsh critic of Fed policies, particularly stating that he finds keeping interest rates low for too long and expanding the balance sheet "too lenient." He also described Bitcoin as "transformative" and "an important financial signal"; he is seen as "pro-crypto" in some crypto communities.

✨President Donald Trump officially nominated former Federal Reserve Governor Kevin Warsh to the Senate on Wednesday to be the next Chairman of the Federal Reserve (Fed). According to the White House's official announcement, Warsh's four-year term as Fed Chairman will begin on May 15, 2026, after Jerome Powell's current term ends. Warsh was also nominated for a 14-year term on the Fed Board of Governors, beginning February 1, 2026.
🔹Trump announced Kevin Warsh's nomination for Fed Chairman via Truth Social. He received widespread support from the Wall Street Journal, the Hoover Institution, and various Republican circles; his experience as a Fed Governor during the 2008 crisis was highlighted.
🔹The White House officially submitted the nomination to the Senate (White House Presidential Actions notice). This step officially initiated the confirmation process by the Senate Banking Committee.
🔹Jerome Powell's term as chairman ends on May 15, 2026. Warsh needs Senate confirmation to take office; confirmation is considered highly likely in the Republican-majority Senate, but there are obstacles in the process.
#WhiteHouseSubmitsWarshNomination