Trump picks pro-market Kevin Warsh to lead Fed as crypto regulation looms
The former president says the longtime economic adviser and ex–Federal Reserve governor would bring experience and reform-minded leadership to the U.S. central bank.
Donald Trump announced Thursday he will nominate Kevin Warsh, a former Federal Reserve governor and Stanford economist, to chair the central bank, setting up a potential shake-up in US monetary policy if Trump returns to the White House.
Background to the Kevin Warsh Fed chairman nomination
The Kevin Warsh Fed chairman nomination draws on a résumé that spans Wall Street, academia, and the highest levels of government.
Warsh currently serves as the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and lectures at the Stanford Graduate School of Business. He is also a partner at Duquesne Family Office LLC, working alongside prominent investor Stanley Druckenmiller.
Warsh’s academic credentials include an A.B. from Stanford University and a J.D. from Harvard Law School. Beyond his education, he has conducted extensive research in economics and finance, positioning him as a well-known voice in debates around monetary policy and financial stability.
Trump, announcing the nomination in a public statement, emphasized both Warsh’s technical expertise and his longstanding relationship with the former president.
“I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM,” — Donald J. Trump, Former U.S. President.
The announcement places the Kevin Warsh Fed chairman nomination at the center of discussions about the future direction of U.S. monetary policy, especially at a time when interest rates, inflation, and global financial coordination remain key concerns.
Experience at the Federal Reserve and global stage
A central argument behind the Kevin Warsh Fed chairman nomination is his prior service within the Federal Reserve System. Warsh became the youngest Fed governor in history at age 35, serving on the Board of Governors from 2006 until 2011.
During that period, he represented the Federal Reserve at the Group of Twenty (G-20) and acted as the Board’s emissary to emerging and advanced economies across Asia.
He also served as Administrative Governor, overseeing internal operations, personnel, and the financial performance of the Board itself. Supporters of the Kevin Warsh Fed chairman nomination point to this operational experience as evidence that he understands not only policy design but also institutional management.
Before joining the Fed, Warsh worked in the White House from 2002 to 2006 as Special Assistant to the President for Economic Policy and Executive Secretary of the National Economic Council. Earlier still, he built a private-sector career at Morgan Stanley & Co. in New York, where he worked in mergers and acquisitions and rose to Vice President and Executive Director.
Monetary policy reform credentials
Another factor elevating the Kevin Warsh Fed chairman nomination is his record on monetary policy reform beyond the United States. Warsh authored an independent report to the Bank of England proposing changes to how monetary policy is conducted in the United Kingdom.
According to Trump’s statement, the British Parliament adopted the report’s recommendations, highlighting Warsh’s influence on international policy frameworks.
This reformist reputation aligns with Trump’s praise of Warsh’s independence and judgment.
“Kevin issued an Independent Report to the Bank of England proposing reforms in the conduct of Monetary Policy in the United Kingdom. Parliament adopted the Report’s recommendations,” Donald J. Trump, Former U.S. President.
Observers note that the Kevin Warsh Fed chairman nomination could appeal to policymakers seeking a chair with both global credibility and a willingness to challenge established central banking norms.
Trump’s endorsement and political significance
Trump’s personal endorsement was a defining feature of the Kevin Warsh Fed chairman nomination. He described Warsh in glowing terms, underscoring both competence and reliability.
“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,” — Donald J. Trump, Former U.S. President.
Trump added a character-driven note to his praise, saying Warsh is “central casting,” and assuring supporters that “he will never let you down.” The tone of the endorsement reflects the political weight Trump attaches to the Kevin Warsh Fed chairman nomination, framing it as a decisive choice for economic leadership.
As reactions continue to emerge, the nomination is expected to spark debate over the future role of the Federal Reserve, the balance between independence and political influence, and the direction of U.S. monetary policy.
For now, the Kevin Warsh Fed chairman nomination stands as a high-profile signal of Trump’s economic priorities and his confidence in a familiar figure to guide the nation’s central bank.
Moses Edozie is a writer and storyteller with a deep interest in cryptocurrency, blockchain innovation, and Web3 culture. Passionate about DeFi, NFTs, and the societal impact of decentralized systems, he creates clear, engaging narratives that connect complex technologies to everyday life.