Former President Donald Trump is considering Kevin Warsh for the position of Fed Chair. Warsh, born on April 13, 1970, has a strong background in economics and finance. He graduated from Stanford University with honors in public policy and later earned a law degree from Harvard Law School.
Warsh worked as Vice President and Executive Director of Mergers and Acquisitions at Morgan Stanley in New York until February 2002. From 2002 to 2006, Warsh served in the White House as Special Assistant to the President for Economic Policy. He was involved in advising on finance, banking, and consumer protection. He also worked closely with independent financial regulatory agencies.
Warsh’s expertise spans from Mergers and Acquisitions at Morgan Stanley to key economic policy advisory roles in the White House.
In January 2006, President George W. Bush nominated him to the Federal Reserve Board of Governors, making him the youngest person to hold that position at age 35. Warsh took office in February 2006 and remained until January 2018. During his time at the Fed, he played a vital role during the 2008 financial crisis. He was the central bank’s liaison to Wall Street and represented the Fed at G20 meetings.
He was also part of Ben Bernanke’s inner circle, helping devise financial reform programs. Known for his cautious views on monetary policy, Warsh advocated for pulling back on stimulus measures when unemployment was high. He expressed skepticism about some quantitative easing measures and opposed lowering long-term interest rates during economic downturns.
After leaving the Fed, Warsh continued to engage with economic policy. He joined Trump’s business forum in December 2016 and has been on a shortlist for key economic positions under Trump since then. Recently, Trump has mentioned that Warsh is “very highly thought of” for the Fed Chair role. Warsh’s insights into the financial system’s undercapitalization during the crisis have made him a respected figure in economic circles. Additionally, his experience as a distinguished visiting fellow in economics at the Hoover Institution has further solidified his reputation.
As of June 2025, he is considered a leading candidate to succeed Jerome Powell. Warsh currently holds positions as a Hoover Distinguished Fellow and an Independent Director at UPS.
