✨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
🔹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
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