The Journal. Who Is the New Fed Chair?
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Jan 30, 2026 
Nick Timiraos, a Wall Street Journal reporter who covers the Federal Reserve, gives a crisp profile of Kevin Warsh. He traces Warsh's rise, debated role during the 2008 crisis, and evolving views on interest rates. Discussion covers Warsh's critiques of Fed models, political dynamics around confirmation, and the economic challenges any new Fed leader would face.
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Rapid Rise To The Fed
- Warsh graduated from Stanford and Harvard and worked at Morgan Stanley before joining the White House.
- He became the youngest Fed governor in 2006 at age 35 after knowing Ben Bernanke from the White House.
Shift On Quantitative Easing
- Warsh initially supported quantitative easing during the financial crisis but grew disillusioned by 2011.
- He warned easy-money policies risked future inflation or asset bubbles.
Why Trump Picked Powell In 2017
- Trump passed over Warsh in 2017 partly because he wanted someone who favored lower interest rates.
- Trump also considered Warsh too young compared with Jerome Powell.