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Trump taps ex-Fed Governor Warsh to head US central bank

By Neil Roland ( January 30, 2026, 20:01 GMT | Insight) -- President Trump said he will nominate Kevin Warsh, a former US Federal Reserve governor who has recently sided with the president’s views on cutting interest rates faster, to succeed Jerome Powell as Fed chair when the latter’s term is up in May. Powell was attacked by Trump for being among a majority of the 12-member board to cut rates by only 1/4 point during each of the Fed’s last three 2025 meetings, and hold rates steady in the most recent meeting this week.President Trump said he will nominate Kevin Warsh, a former US Federal Reserve governor who has recently sided with the president’s views on cutting interest rates faster, to succeed Jerome Powell as Fed chair when the latter’s term is up in May. ...

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