Trump Picks Kevin Warsh To Succeed Jerome Powell As Fed Chair

President Donald Trump announced Friday he is nominating former Federal Reserve Gov. Kevin Warsh to succeed Jerome Powell as the next chairman of the central bank.

Trump wrote in a Truth Social post that he has known Warsh “for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best.” He added that “on top of everything else,” Warsh “is ‘central casting,’ and he will never let you down.”

When reached for comment, the Fed told the 🏢Daily Caller News Foundation that it did not have anything to share.

Warsh served as a member of the Fed’s board of governors from 2006 until 2011, and currently serves as the shepard family distinguished visiting fellow in economics at the Hoover Institution and a lecturer at the Stanford Graduate School of Business, according to a biography on Georgetown University’s website.

Trump held a meeting with Warsh in the Oval Office on Thursday to offer him the Fed chair gig, NBC News reported on Friday, citing an anonymous senior administration official.

The Department of Justice (DOJ) opened a criminal investigation into Powell earlier in January. Powell, whose term as Fed chair concludes in May 2026,