Trump Names Kevin Warsh as New Fed Chair, Signaling Potential Shift in Monetary Policy
President Donald TRUMP has nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the U.S. central bank. Warsh, who served from 2006 to 2011, is known for his dovish stance on interest rates—a position that could reshape monetary policy at a critical juncture for markets.
The selection process reportedly considered several candidates, including Trump advisor Kevin Hassett and BlackRock's Rick Rieder. Warsh's confirmation would place him at the helm of the Federal Open Market Committee, with direct influence over benchmark rates that Ripple through cryptocurrency valuations.
"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," Trump declared in a social media post. The Fed chair wields unparalleled authority over dollar liquidity—a key driver of capital flows into digital assets.
