Trump nominates Kevin Warsh to replace Powell as fed chair

Al JazeeraCenterEN 4 min read 100% complete by By News AgenciesJanuary 30, 2026 at 03:41 PM

AI Summary

long article 4 min

In January 2026, President Trump nominated Kevin Warsh to replace Jerome Powell as Federal Reserve chair when Powell's term ends in May. The nomination follows Trump's public pressure on Powell to lower interest rates. Warsh, a fellow at the Hoover Institution, has called for lower rates but is expected to be less aggressive than other potential candidates. His nomination is anticipated to face a challenging Senate confirmation process, particularly given Trump's public comments and a recent Justice Department investigation into Powell. The Federal Reserve is responsible for managing inflation and supporting employment in the United States, and is typically seen as independent from political influence.

Key Entities & Roles

Key Player Opposition Context

Hoover Institution 50% Department of Justice 50% Stanford Graduate School of Business 50% Senate 60% United States ×370% Jerome Powell ×580% Donald Trump ×590% Kevin Warsh ×690% Federal Reserve ×895%

Keywords

federal reserve 100% kevin warsh 90% jerome powell 80% interest rates 70% nomination 60% senate confirmation 60% central bank 50% trump 50% monetary policy 50% economic officials 40%