President Donald Trump announced on January 30, 2026 that he will nominate Kevin Warsh to serve as Chair of the Federal Reserve, a move that would replace Jerome Powell when Powell’s term ends in May 2026. Warsh, a former Fed governor (2006–2011) and current Stanford/Hoover fellow with strong Wall Street ties, has advocated changes to Fed policy and critiqued post‑crisis monetary measures. The nomination, subject to Senate confirmation, underscores the White House’s push for different interest‑rate policies and intensifies debate over the Fed’s independence. Markets and lawmakers are expected to scrutinize Warsh’s record and the politicization concerns surrounding the appointment. (apnews.com)