The post Trump taps Kevin Warsh for Fed Chair, sets stage for high-stakes battle over central bank independence appeared on BitcoinEthereumNews.com.

President Donald Trump on Friday named former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the U.S. central bank, capping months of speculation and intensifying scrutiny over the future independence of the Fed at a moment of persistent inflation, slowing growth, and mounting political pressure. Summary The Warsh pick ends a months-long search and sets up a contentious confirmation process that puts Fed independence squarely in the spotlight. Warsh is considered an experienced central banker despite his past calls for a “regime change” at the Fed and Trump’s push for aggressive interest-rate cuts. A Justice Department probe into Jerome Powell fuels growing debate over how much influence the White House should have over monetary policy. The nomination of Warsh, 55, a veteran of Wall Street and the Fed, is widely seen as a bid to install a chair aligned with Trump’s calls for lower interest rates, even as markets remain skeptical that Warsh would act as a political proxy. While the pick is unlikely to spark immediate market volatility, it sets up a contentious confirmation process and a broader debate over how far the White House can—and should—go in influencing monetary policy. Trump announced the decision on Truth Social, praising Warsh as a proven leader who could go down as “one of the GREAT Fed Chairmen, maybe the best.” The move ends a prolonged and unusually public search that at one point included more than a dozen candidates and was closely watched by investors, economists, and lawmakers. Warsh previously served as a Fed governor from 2006 to 2011, spanning the global financial crisis, and has since been a frequent commentator on monetary policy. His experience and credibility helped reassure markets, which showed only modest reaction following the announcement. Stock futures were slightly lower Friday morning but…

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Filed under: News - @ January 30, 2026 4:28 pm