President Trump has announced his nomination of Kevin Warsh to become the next chairman of the Federal Reserve.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” said Trump in a Truth Social posted at 6:48 a.m. ET. “On top of everything else, he is ‘central casting,’ and he will never let you down. Congratulations Kevin!”
Warsh previously served as a governor on the Fed’s Board of Governors from 2006 through 2011. He is currently the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution, and a lecturer at the Stanford Graduate School of Business.
Warsh began his career in 1995 at Morgan Stanley, rising to executive director in the company’s mergers and acquisitions department. He left Morgan Stanley in 2002 to serve in George W. Bush administration as Special Assistant to the President for Economic Policy, and Executive Secretary of the National Economic Council.
