Former U.S. President Donald Trump has announced Kevin Warsh as his choice for the next Chair of the Federal Reserve, set to replace Jerome Powell when his term ends in May 2026. Warsh previously served as a Federal Reserve Governor from 2006 to 2011 and was deeply involved in managing the 2008 global financial crisis, earning a reputation for his strong grasp of monetary policy, inflation management, and financial markets. The Federal Reserve Chair plays a critical role in shaping interest rate policy, controlling inflation, and influencing the strength of the U.S. dollar, and affecting global financial and crypto markets, which makes this nomination especially significant. Trump’s pick is seen as a signal that a shift in Federal Reserve policy direction could be coming, particularly regarding interest rates and economic growth. The nomination will now move to the U.S. Senate for confirmation, and if approved, Kevin Warsh is expected to assume the role in mid-2026, a development that investors and markets around the world are watching closely due to its potential impact on stocks, bonds, crypto, and the broader global economy.

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