Kevin Warsh

THINKING ALOUD

The clock is ticking on the Fed’s leadership change

A Senate impasse, criminal probe and unusual political pressure mean the transition may not be clean or quick

Political resistance has held up Kevin Warsh’s nomination in the US Senate.

US Senate committee plans Warsh’s Fed nomination hearing as soon as week of April 13, Punchbowl reports

THE Senate Banking Committee is planning to hold its hearing on the nomination of Kevin Warsh as chair of the Federal Reserve as soon as the week of April 13, Punchbowl News reported on Sunday, citing...

Gold prices nosedived earlier this week.

Gold’s plunge, a new Fed chair and Asia in flux

Gold’s crash, AI threats, Asia’s pivotal week, and Fed intrigue—Howie Lim and Raisah Rasid unpack volatility, geopolitics, and smart-money moves.

The strength of the US dollar and the weakness of the Treasury market on the day Kevin Warsh’s nomination was announced suggest that markets anticipate him to continue holding the current Fed chair's line on rates.
NEWS ANALYSIS

Disappointment for some, relief for others as markets ponder Warsh’s nomination as next Fed chief

In some quarters, he is seen as a ‘credible choice’, who may hold his own against President Trump’s demand for rate cuts

Kevin Warsh appears more independent and brings a reputation as an inflation “hawk” – a central banker who prioritises fighting inflation, compared to a “dove” who prioritises growth and jobs.

Why Trump’s new pick for Fed chair hit gold and silver markets

With Kevin Warsh’s nomination, investors appear to expect lower inflation and greater financial stability

Warsh has repeatedly and loudly blasted his old colleagues over the years for letting the bank’s assets balloon.

Warsh’s return revives tensions over the Fed’s US$6.6 trillion QE hangover

Money markets in particular have proved sensitive to even the slightest changes in the amount of liquidity in the system

Trump chose Kevin Warsh, a former Fed insider, on Friday to head the central bank when Chair Jerome Powell’s term ends in May.

Trump says Fed nominee Warsh could garner Democratic support

“He’s so good that he’ll probably get Democrat votes,” says Trump

Kevin Warsh is a veteran of both Wall Street and public service whom Trump nearly picked as Fed chair in 2017 before selecting Powell instead, a choice the president has said he regrets.
EXPLAINER

What does Kevin Warsh’s nomination mean for the Fed?

Warsh is a loyalist who has declared his alignment with Trump’s views on monetary policy

Warsh has called for a broad overhaul of the central bank that would slim its balance sheet and ease bank regulations.

Trump nominates former Fed official Kevin Warsh to succeed Jerome Powell as Fed chair

Move signals a potential pivot towards lower rates as US president puts his stamp on American economy