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President Trump nominates Kevin Warsh to lead the Federal Reserve as Powell prepares to step down

President Trump nominated Kevin Warsh to lead the Federal Reserve when Jerome Powell's term ends in May. The move prompted immediate market reactions today.

President donald trump has nominated former Federal Reserve Governor kevin warsh to lead the central bank of the USUS when the term of current Chair jerome powell concludes in May. The announcement marks the end of a months-long selection process that included contenders such as Fed Governor christopher waller and rick rieder. This decision follows a period where donald trump has intensified efforts to influence monetary policy.
Former U.S. Federal Reserve Governor Kevin Warsh speaks during a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, California, U.S., May 9, 2025. REUTERS/Ann Saphir
Former U.S. Federal Reserve Governor Kevin Warsh speaks during a monetary policy conference at Stanford University’s Hoover Institution in Palo Alto, California, U.S., May 9, 2025. REUTERS/Ann Saphir
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