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

Tillis has said he will not support Trump’s Fed nominee while the Justice Department matter involving Powell remains unresolved.

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.

Community verdict

VOTING CLOSED
How does this story look for
Thom Tillis R · NC · SEN
NOT RATEDCLOSED

No good or bad look here

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

● INFORMATIONAL

People in this story

SWIPE →
Thom Tillis
R · NC · SEN

Senator whose opposition could affect Warsh’s confirmation

PRIMARY SUBJECT
Donald Trump
R · President of the United States

President who selected Warsh to lead the Federal Reserve

Trump's version of this story ↗
Kevin Warsh
Chair of the Federal Reserve

Trump’s selection to become the next Federal Reserve chair

Warsh'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

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