Trump Nominates Kevin Warsh for Fed Chair, Signaling Potential Policy Shift

Former U.S. President Donald TRUMP has officially nominated Kevin Warsh as his preferred candidate to lead the Federal Reserve, a move that could herald a significant shift in U.S. monetary policy. Warsh, a former Fed governor with deep Wall Street ties, presents a stark contrast to current Chair Jerome Powell. The announcement has reverberated across financial markets, including cryptocurrencies, equities, and bonds.

Trump positioned the nomination as part of a broader effort to restore credibility and discipline at the central bank. He has been a vocal critic of the Fed's past policies, particularly its prolonged quantitative easing and perceived sluggish response to inflation. Warsh's selection suggests a preference for a chair who emphasizes balance sheet control and clear market signaling—a potential inflection point for investors.

Kevin Warsh served as a Federal Reserve governor from 2006 to 2011, playing a key role during the global financial crisis. His post-Fed career has included advisory roles, academic engagements, and close relationships with major financial institutions. What makes Warsh particularly relevant today is his nuanced perspective on emerging assets and monetary authority. He has argued that central banks must adapt to technological innovation rather than resist it—a stance that could have implications for the crypto market.