
President Trump has officially nominated former Fed governor Kevin Warsh to lead the Federal Reserve, confirming market expectations and prompting renewed debate over monetary policy and crypto sector links.
President Donald Trump confirmed on Friday via Truth Social that he has nominated Kevin Warsh to succeed Jerome Powell as Federal Reserve Chair when Powell’s term ends in May. Warsh, a former Fed governor and ex-Morgan Stanley banker, is known for his hawkish stance on inflation and monetary discipline. He has past involvement in the cryptocurrency sector, having invested in the algorithmic central bank project Basis and served as an adviser to Electric Capital. The nomination has sparked discussion about central bank independence and potential policy shifts, with prediction markets previously indicating an 85% probability of his appointment.