Trump Names Kevin Warsh Fed Chairman Amid Powell Probe
President Trump selects former Fed governor Kevin Warsh for chairman, sparking GOP backlash over ongoing DOJ inquiry into Jerome Powell.
On Jan 30 2026, Trump announced over Truth Social that Kevin Warsh will fill seat when Jerome Powell steps down in May. Warsh served 2006-2011, adviser to Ben Bernanke during 2008 crisis, rated an inflation hawk. Trump praised Warsh as “great” and “best.” GOP critics vow to block his confirmation because Warsh supports lower rates and amid DOJ criminal probe of Powell over Fed HQ renovation. Congress is ready to stall; current Fed governors voted to hold rates steady. The pick could reset Fed’s direction.
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