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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 12, 2026

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Republished from American Banker. ChamberLight matched this page's text to American Banker's article.

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54 stories · 71–73 · updated Oct 13, 2026

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Nationalmortgagenewsvia American Banker
Jan 30, 2026
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.

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Kevin Warsh Chair of the Federal Reserve
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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

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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