Stock Ticker

White House submits nomination of Kevin Warsh for Fed Chair to Senate

The White House has submitted the nomination of Kevin Warsh for the Fed chair to the Senate

Recall, it was announced on January 30, 2026 that Kevin Warsh would be nominated as the next Federal Reserve Chair.

  • January 30, 2026: President Donald Trump announced his intention to nominate Warsh to succeed Jerome Powell when Powell’s term as chair ends in May 2026.

  • The nomination still requires U.S. Senate confirmation before Warsh can officially assume the role.

  • Warsh previously served as a Federal Reserve Governor from 2006 to 2011.

It appears the urgency to fast-track Kevin Warsh’s vetting and approval—potentially to increase pressure on the Fed to cut rates—has faded as inflation remains elevated and growth and employment continue to show resilience.

Moreover, influencing monetary policy requires a majority within the FOMC, and the current composition of the Fed Board and voting members remains tilted toward maintaining the current policy stance rather than moving quickly toward rate cuts.

Source link

Get RawNews Daily

Stay informed with our RawNews daily newsletter email

White House submits nomination of Kevin Warsh for Fed Chair to Senate

Automated CT scan analysis could fast-track clinical assessments

Target bets billions on store upgrades to win back shoppers

Harry Jowsey Says He Got Botox in His Penis, Says It’s Smooth Now