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.
Great job President Trump. We needed some changes!!
Best,
Todd Dailey
Just another accolyte, supporter, and echo.
You should have applied. I’m sure with your background in economics and the Federal Reserve, they would have appreciated your input. Too late now.
I’m with you Rhea. He’ is “central casting”? Proves that this man in the White House is not presidential material he is just reliving his realty show days. Problem is he is playing with our democracy and lives with no producer to yell “cut” and it stops. If Trump knew anything about economics and hadn’t done the tariffs and all of the other stuff blowing up our economy then Powell could have done his job. Do we recall Trump appointed Powell but then Powell had too much integrity and wouldn’t follow his demands so now he is the worst. Does that mean Trump was wrong????
Your ignorance is on display.
Well, we will have to see what happens. It’s more than interest rates. The renovation cost overruns are a clue. He was a finalist last time. Served just after Alan Greenspan left. Hopefully he gleaned something from that tremendous era. As a career inflation hawk, he could actually help keep it down during the coming boom.
As I recall he wasn’t well thought of the first time around. Economists thought his perception of importance of labor and inflation were twisted
The good news is that interest rates will drop fast! The bad news is that so will the entire US economy 🙁
Economy’s going down? Please explain.
Trump always knows what he is doing and this is just one more thing congrats Kevin u r the new blood we need as a real estate broker I know you lol get things moving