President Donald Trump has announced his intention to nominate Kevin Warsh to be the next chair of the Federal Reserve, succeeding Jerome Powell when his term ends in May 2026. Warsh, a former Fed governor from 2006 to 2011, is seen by markets as a relatively hawkish choice who may resist aggressive balance‑sheet expansion and possibly influence interest‑rate policy, boosting the dollar and steepening the Treasury yield curve. If confirmed by the Senate, Warsh would lead US monetary policy amid concerns about Fed independence and ongoing debate over inflation and rate cuts, Bloomberg reported. Wall Street reactions are mixed but emphasize the need for reliable direction after months of uncertainty.
