Donald Trump expected to nominate Kevin Warsh as US Federal Reserve chair

The Guardian - World NewsCenter-LeftEN 5 min read 100% complete by Lauren Aratani in New York and Graeme WeardenJanuary 30, 2026 at 10:13 AM

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Donald Trump is expected to nominate Kevin Warsh as the next chair of the US Federal Reserve, potentially replacing current chair Jerome Powell. The announcement is anticipated on Friday, with reports indicating Warsh is the likely choice. Warsh, a former Fed governor from 2006 to 2011, has been critical of the Fed's monetary policy and is seen as aligned with Trump's desire for lower interest rates. His nomination would mark a significant shift in leadership at the central bank, which has immense influence over the US economy. Warsh's background includes roles at Stanford, UPS, Coupang, and the Duquesne Family Office, and he is married to Jane Lauder of the Estée Lauder family. The dollar strengthened following reports of the expected nomination.

Key Entities & Roles

Key Player Opposition Context

Stanford Graduate School of Business 30% Stanley Druckenmiller 30% UPS 30% Financial Times 40% Senate 40% Jerome Powell ×270% United States ×270% Donald Trump ×790% US Federal Reserve ×390% Kevin Warsh ×995%

Keywords

federal reserve 100% kevin warsh 90% fed chair 80% interest rates 70% donald trump 60% monetary policy 60% us central bank 50% jerome powell 50% nomination 40%