In a significant move for US monetary policy leadership, former President Donald Trump has officially nominated Kevin Warsh, a former Federal Reserve governor, to assume the role of Chairman of the US central bank. The announcement was made public on Friday, January 30, 2026, through Trump’s Truth Social platform.
Trump expressed strong confidence in his nominee, stating: ‘I have maintained a long-standing acquaintance with Kevin and possess absolute certainty that his tenure will be recorded among the most distinguished in Federal Reserve history, potentially even the most exceptional.’ The former president further emphasized Warsh’s qualifications by noting his appropriate demeanor for the position, remarking that he embodies ‘central casting’ and is a reliable choice who ‘will never let you down.’
This nomination occurs against a backdrop of considerable investor anxiety regarding the future direction of US monetary policy. Financial markets have been closely monitoring the selection process, which analysts have characterized as a ‘no-win scenario’ for the eventual appointee due to complex economic challenges awaiting the next Fed leadership.
Kevin Warsh, who served as a Federal Reserve governor from 2006 to 2011 during the tumultuous period of the global financial crisis, brings substantial experience in economic policymaking to the position. His previous tenure included hands-on management of the central bank’s response to the 2008 economic collapse, providing him with unique insights into crisis management and financial system stabilization.
The nomination process now moves to congressional confirmation proceedings, where Warsh’s policy positions and approach to monetary policy will undergo thorough scrutiny from lawmakers and financial experts alike.