Former Federal Reserve governor Kevin Warsh is reportedly under consideration by former President Donald Trump to replace Jerome Powell as the Chair of the Federal Reserve. Trump has publicly criticized Powell, stating he is “always TOO LATE AND WRONG,” and has privately discussed removing him before his term ends in 2026. Warsh, a former Morgan Stanley banker and economic advisor to President George W. Bush, played a key role in addressing the 2007-2008 financial crisis. He has also shown interest in cryptocurrency, advocating for the Federal Reserve to adopt a central bank digital currency (CBDC). Known for his hawkish stance on financial matters, Warsh has criticized excessive U.S. debt and government spending. While discussions have taken place, it remains unclear whether Warsh is interested in the position.
— new from Business Insider
