Trump Announces Intent To Nominate Kevin Warsh As Next Fed Chair

President Donald Trump stated on January 30, 2026, that he intends to nominate Kevin Warsh to lead the Federal Reserve after Jerome Powell’s term concludes in May 2026.

This announcement marks a proposed leadership change at the central bank, with Warsh being considered for the top position pending Senate approval.

Kevin Warsh previously held a seat on the Federal Reserve Board of Governors from 2006 to 2011. During his tenure, he served as the youngest governor at the time and was the central bank’s liaison to Wall Street throughout the 2008 financial crisis.

Jerome Powell, the current Federal Reserve Chair, is set to complete his term in May 2026, at which point the new chair would take office if confirmed. The process requires the nominee to be reviewed and confirmed by the U.S. Senate before assuming the role.

What the numbers show

• The announcement was made on January 30, 2026
• Jerome Powell’s term ends in May 2026
• Kevin Warsh served on the Fed Board from 2006 to 2011

Warsh’s experience at the Federal Reserve included acting as the main point of contact with major financial institutions during the 2008 crisis. His background also includes being the youngest person to serve as a governor on the Board at that time.

The nomination process for Federal Reserve Chair involves a formal review and vote by the U.S. Senate. According to official procedures, no nominee can take office without Senate confirmation.

President Trump’s statement identified Warsh as his intended choice to succeed Powell, with the transition planned for when the current chair’s term concludes. The announcement was made publicly and included the timeline for the intended leadership change.

The Federal Reserve Chair plays a central role in setting U.S. monetary policy, and the confirmation process will determine if Warsh will assume the position following Powell’s departure in May 2026.

* This article is based on publicly available information at the time of writing.