Kevin Warsh's Figure Who Is Trump's Choice to Lead The Fed Starting May 2026

JAKARTA - President Trump has chosen former Federal Reserve Governor Kevin Warsh as a candidate for Fed Chairman, replacing Jerome Powell whose term ends in May 2026.

Initially, there were about 11 names on the nomination exchange, including active Fed officials, senior economists, to Wall Street market participants, quoted from Reuters. This process did not last long. The selection of candidates has begun since last summer.

The four candidates who were considered were Kevin Warsh, Director of the National Economic Council Kevin Hassett, Fed Governor Christopher Waller, and BlackRock Fixed Income Chief Investment Officer Rick Rieder. Of the four, Warsh emerged as Trump's top choice, even before the official announcement was made.

"He's smart, very smart, strong, young, young enough. He's the kind of person a lot of people want," Trump added, quoted by the BBC.

Not only that, Trump also immediately gave additional explanations on his social media platform on Friday morning, January 30, US time.

"I am pleased to announce that I am nominating Kevin Warsh to be Chairman of the Board of Governors of the Federal Reserve System," Trump wrote.

"I've known Kevin for a long time, and I'm sure he will be remembered as one of the GREATEST Fed Chairmen, maybe the best."

Kevin Warsh's profile

Quoted from the federalreservehistory-org page, Kevin M. Warsh was appointed as a member of the Board of Governors of the Federal Reserve System on February 24, 2006. He left the Board on March 31, 2011.

Kevin Maxwell Warsh was born on April 13, 1970 in Albany, New York. He studied public policy, with an emphasis on economics and statistics at Stanford University, where he received a bachelor's degree with honors in 1992.

Warsh then continued his studies at Harvard Law School, where he focused his studies on the interrelationship between law, economics, and regulatory policy, and received a law degree in 1995. He also completed courses on market economics and debt capital markets at Harvard Business School and the Sloan School of Management at the Massachusetts Institute of Technology.

In 1995, Warsh accepted a position in the mergers and acquisitions department at Morgan Stanley & Co. in New York. In this position, he served as a financial advisor to several companies in various industries, including manufacturing, raw materials, professional services, and technology. In addition, he helped structure capital market transactions and facilitate fixed-income and equity financing.

In February 2002, Warsh left his post as vice president and executive director at Morgan Stanley & Co. to join the administration of President George W. Bush. He served as special assistant to the president for economic policy and as executive secretary at the National Economic Council. Warsh advised the president and senior government officials on issues related to the US economy, particularly in the areas of capital market flows, securities, banking, and insurance issues. During that time, he also became a member of the President's Working Group on Financial Markets.

President Bush nominated Warsh to serve on the Board of Governors in 2006. During his tenure, Warsh served as the Board's representative for the Group of Twenty (G-20) as well as an envoy to developing and developed countries in Asia. In addition, Warsh served as an administrative governor, managing and overseeing the Board's operations, personnel, and financial performance.

Warsh also served as a distinguished visiting fellow at Stanford University's Hoover Institution and as a lecturer at the Graduate School of Business. In addition, he was also a consultant to several companies, including serving as a board member of United Parcel Service.