Donald Trump Picks Kevin Warsh as 17th Federal Reserve Chair

• Kevin Warsh, former governor of the US Federal Reserve, has been selected by Donald Trump as the 17th Chair of the central bank.
• Warsh will succeed Jerome Powell, whose tenure ends in May 2026, surpassing other contenders like Kevin Hassett and Christopher Waller.
• Trump retained Kevin Hassett in his White House role, praising his outstanding work and stating he didn't want to let him go.
• Warsh previously served as a Federal Reserve governor from 2006 to 2011, a period that included the global financial crisis.
• His career includes roles at Morgan Stanley, the George W. Bush administration, and board memberships at UPS and Coupang.

Why It Matters: Donald Trump has appointed Kevin Warsh, a former Fed governor, as the new Federal Reserve Chair.