Big Take How Kevin Warsh Could Shape the Fed
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Jan 30, 2026 
Saleha Mohsin, a Washington correspondent who covers politics and policy, and Amara Omokwe, a Bloomberg Fed reporter focused on monetary policy, discuss Kevin Warsh’s nomination. They unpack his shift from hawk to dovish signals. They explore why Trump picked him now. They analyze confirmation roadblocks, market reactions, and how he might fit with the Fed’s decision-making.
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Warsh's Evolution On Rates And Balance Sheet
- Kevin Warsh shifted from being an inflation hawk to advocating rate cuts and a smaller Fed balance sheet.
- His recent arguments frame cuts as justified by productivity and balance-sheet normalization rather than political pressure.
Shared Critique Of Fed Balance-Sheet Policy
- Warsh's longstanding criticism focused on the Fed's post-crisis quantitative easing and oversized balance sheet.
- Those critiques align closely with views inside the Trump administration, notably Treasury Secretary Bessent's essay.
Warsh: The One Who Got Away
- Saleha Mohsin recounts how Warsh resurfaced in Trump circles after being passed over in 2017 and during 2024 Treasury interviews.
- She notes Trump values existing relationships, which likely helped Warsh become the pick this time.