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● InformationalCongress / MembersEconomy

Trump taps ex-investment banker Warsh to be next Fed chair

Warsh is Trump’s pick to lead the Federal Reserve after Jerome Powell’s term as chair ends.

Trump taps ex-investment banker Warsh to be next Fed chair
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This article1 analysis · Oct 11, 2026

Republished by Nationalmortgagenews

tl;dr

President Donald Trump selected former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Fed chair when Powell’s term ends in May. Warsh’s confirmation could face a hurdle from Sen. Thom Tillis, while lawmakers and analysts differed on the prospects and implications of the nomination.

Community verdict

VOTING CLOSED
How does this story look for
Kevin Warsh Chair of the Federal Reserve
NOT RATEDCLOSED

No good or bad look here

This story reports what happened without casting Warsh in a good or bad light, so readers don’t rate it and it doesn’t count toward Warsh’s record.

● INFORMATIONAL

People in this story

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Kevin Warsh
Chair of the Federal Reserve

Trump’s selection to become the next Federal Reserve chair

PRIMARY SUBJECT
Thom Tillis
R · NC · SEN

Senator whose opposition could affect Warsh’s confirmation

Tillis's version of this story ↗
Donald Trump
R · President of the United States

President who selected Warsh to lead the Federal Reserve

Trump's version of this story ↗
Tim Scott
R · SC · SEN

Senate Banking Committee chair who praised Warsh’s selection

Outgoing Federal Reserve chair whose term is due to end in May

Elizabeth Warren
D · MA · SEN

Senate Banking Committee ranking member who criticized Warsh’s nomination

ALSO MENTIONED  Barack Obama, Former president whose administration overlapped with Warsh’s Federal Reserve board service; George W. Bush, Former president whose administration Warsh served; Lisa Cook, Federal Reserve governor mentioned in Warren’s comments and in the account of Trump’s actions; Stephen Miran, Outgoing Federal Reserve governor whose seat is discussed in relation to the nomination

Part of a bigger story

3 OUTLETS
Trump Selects Kevin Warsh as Next Fed Chair

Outlets agree that Trump selected Kevin Warsh to succeed Jerome Powell as Federal Reserve chair. Center outlets describe a contested nomination, pairing concerns about Fed independence and political pressure with support for Warsh’s qualifications.

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