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Trump Nominates Kevin Warsh for Federal Reserve Chair Position

KVIA••CNN Newsource
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President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to lead the institution, a pivotal role in the global economy. Warsh's confirmation by the U.S. Senate is necessary, and if approved, he will take over from Jerome Powell when his term ends in May. This nomination follows a months-long selection process led by Treasury Secretary Scott Bessent, who narrowed down a list of candidates to four. Trump has emphasized the need for the new chair to advocate for lower interest rates, although the chair is just one of the voting members on the committee that decides these rates.

Key Details: • Senate confirmation required for Warsh's appointment • Jerome Powell's term ends in May • Selection process led by Treasury Secretary Scott Bessent

economy trump senate federal-reserve kevin-warsh

People & Organizations

Donald TrumpFederal ReserveJerome PowellScott BessentKevin WarshU.S. Senate

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