US President Donald Trump has formally submitted the nomination of former Federal Reserve Governor Kevin Warsh to the US Senate to serve as the next Chair of the Federal Reserve, positioning the Wall Street veteran to lead the central bank at a pivotal moment for US monetary policy.
If confirmed, Warsh would succeed Jerome Powell when the current term ends in May 2026. The nomination now moves to the Senate for consideration, beginning with a hearing before the Senate Banking Committee.
Kevin Warsh - Background and Federal Reserve experience
Warsh previously served as a member of the Federal Reserve Board of Governors from 2006 to 2011. He played a significant role during the 2008 financial crisis, acting as a key liaison between the Fed and Wall Street and helping shape crisis-response strategies.
-Represented the Federal Reserve at the G20
-Served as the Fed’s envoy to Asian economies
-Participated in emergency financial stabilization efforts
-Contributed to post-crisis reform discussions
Early career and Government roles
Before joining the Fed, Warsh worked in the private sector at Morgan Stanley, rising to executive director in mergers and acquisitions.
He also served in the George W. Bush administration as:
-Special Assistant to the President for Economic Policy
-Executive Secretary of the White House National Economic Council
In that role, he advised on domestic finance, banking regulation, capital markets, and consumer protection policy.
-A Bachelor’s degree from Stanford University (public policy, economics concentration)
-A Juris Doctor from Harvard Law School (cum laude)
He has held academic and advisory roles, including:
-Visiting Fellow at the Hoover Institution at Stanford University
-Scholar and lecturer at Stanford Graduate School of Business
-Member of the Group of Thirty
-Advisory roles in economic policy institutions
-He has also served on corporate boards and advised private and public companies.
