Trump says Fed pick Kevin Warsh 'certainly wants to cut rates'

January 30, 2026 - 20:06

Former President Donald Trump stated on Friday that his intended nominee for Federal Reserve Chair, Kevin Warsh, is inclined toward lowering interest rates. The announcement came during a press conference where Trump confirmed his plan to nominate the former Fed governor to succeed Jerome Powell next year.

Trump emphasized Warsh's perceived stance on monetary policy, suggesting it aligns with his own long-held view that lower rates benefit the economy. Warsh, who served on the Fed's Board of Governors from 2006 to 2011, is known for his expertise in financial markets and has previously been considered for the central bank's top post.

The comments have drawn immediate attention from economists and market analysts, who are parsing Warsh's past writings and speeches for clues on his potential policy direction. While Trump expressed confidence in Warsh's approach, the ultimate decision and confirmation process rests with the legislative branch. The nomination, if formally submitted, will likely spark extensive debate in the Senate over the future of U.S. monetary policy.