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Kevin Warsh

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Kevin Warsh
Official portrait, 2026
17th Chair of the Federal Reserve
Assumed office
May 22, 2026
PresidentDonald Trump
DeputyPhilip Jefferson
Preceded byJerome Powell
Member of the Federal Reserve Board of Governors
Assumed office
May 22, 2026
PresidentDonald Trump
Preceded byStephen Miran
In office
February 24, 2006 – March 31, 2011
President
Preceded byBen Bernanke
Succeeded byJeremy C. Stein
Personal details
Born
Kevin Maxwell Warsh

(1970-04-13) April 13, 1970 (age 56)
Albany, New York, U.S.
Political partyRepublican
Spouse(s)
​
(m. 2002)​
RelativesLauder family
Education

Kevin Maxwell Warsh (born April 13, 1970) is an American financier and attorney who has been the 17th and current chair of the Federal Reserve and a member of the Federal Reserve Board of Governors since 2026. Before, he was a member of the board of governors from 2006 to 2011. He was nominated to the board by President George W. Bush.

In January 2026, Warsh was nominated by President Donald Trump to be the next Chair of the Federal Reserve, replacing Jerome Powell. He was confirmed by the U.S. Senate in May 2026.

Early life

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Warsh was born in Albany, New York.[1] He graduated from Stanford University with a bachelor's degree in public policy in 1992 and from Harvard Law School with a Juris Doctor in 1995. He joined Morgan Stanley in 1996.[2]

Career

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In April 2002,[3] President George W. Bush named Warsh as a special assistant to the president for economic policy[4] and the executive secretary of the National Economic Council.[5] He was the White House liaison to the Federal Deposit Insurance Corporation, the Commodity Futures Trading Commission, and the Securities and Exchange Commission.

In January 2006, President George W. Bush named Warsh and the economist Randall Kroszner as his nominees to serve on the Board of Governors.[6] Warsh appeared before the Senate Committee on Banking, Housing, and Urban Affairs on February 14, 2006.[7] The Senate Committee on Banking, Housing, and Urban Affairs advanced Warsh and Kroszner's nomination in a 20–0 vote on February 16.[8] The following day, the Senate voted to confirm them.[9]

Warsh resigned from the Board of Governors in March 2011 after not agreeing with the Chair of the board Ben Bernanke.[10]

After leaving the Federal Reserve Board of Governors, Warsh became a partner at the Duquesne Family Office, the firm of Stanley Druckenmiller, and he served on the board of directors for United Parcel Service and Coupang.[11]

Federal Reserve Chair

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In January 2026, President Donald Trump announced that he would nominate Warsh to replace Jerome Powell as Chair of the Federal Reserve.[12] His confirmation hearing began in April 2026 when Powell was being investigated by the Department of Justice.[13] Many members of the United States Senate said they would not vote on Warsh's nomination until Powell's investigation ended.[14] Afterwards, the Senate Committee on Banking, Housing, and Urban Affairs voted to advance Warsh to the Senate in a 13–11 vote along party lines on April 29.[15]

The Senate voted to advance Warsh's nomination in a 49–44 vote on May 11, 2026. All Republican senators and two Democratic senators (John Fetterman of Pennsylvania and Chris Coons of Delaware) voted in favor of advancing the nomination.[16] Warsh was confirmed as a member of the Federal Reserve Board of Governors in a 51–45 vote the following day. Fetterman was the only Democratic senator to vote in favor of the board nomination.[17]

On May 13, 2026, the Senate voted to confirm Warsh as the chair of the Federal Reserve in a 54–45 vote.[18] The vote to confirm Warsh as chair of the Federal Reserve was the narrowest in U.S. history.[19] Warsh sworn in by Supreme Court Justice Clarence Thomas at the White House on May 22, 2026. He was the first chair of the Federal Reserve to take office in the White House since Alan Greenspan in 1987.[20]

Personal life

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Warsh is a Republican.[21] He donated US$1,000 to George W. Bush's campaign in the 2000 presidential election and another US$1,000 to his reelection campaign in the 2004 election.[21]

In 2002, Warsh married businesswoman Jane Lauder.

References

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  1. ↑ Prestininzi, Jenna (January 30, 2026). "Trump nominates new fed chair. Who is Kevin Warsh?". Detroit Free Press. Retrieved April 14, 2026.
  2. ↑ Lattman, Peter (February 16, 2006). "Kevin Warsh Has Got It Going On". The Wall Street Journal. Retrieved April 14, 2026.
  3. ↑ Smith, Thom (April 25, 2002). "A wedding so big it lasts the weekend". The Palm Beach Post. Retrieved April 14, 2026.
  4. ↑ "Bush Names 2 to Fill Fed Board Seats". The New York Times. Associated Press. January 28, 2006. Retrieved April 14, 2026.
  5. ↑ Saraiva, Catarina (July 15, 2025). "Fed Chair Contender Is Now in Favor of Cutting Rates, Just as Trump Wants". Bloomberg News. Retrieved April 14, 2026.
  6. ↑ Kirchhoff, Sue (February 15, 2006). "Nominees to Fed face Senate panel". USA Today. Retrieved April 14, 2026.
  7. ↑ Lanman, Scott (March 31, 2011). "Fed Nominee Diamond Gets Brushback in Bid for Central Bank Seat". Bloomberg News. Retrieved April 17, 2026.
  8. ↑ Hagenbaugh, Barbara (February 17, 2006). "Bernanke's second day on Hill as plain as 1st". USA Today. Retrieved April 14, 2026.
  9. ↑ "Senate approves Fed, economic adviser nominations". The Daily News. Associated Press. February 18, 2006. Retrieved April 17, 2026.
  10. ↑ Saraiva, Catarina (February 4, 2026). "Warsh Will Need His Vaunted People Skills to Smooth Return to Fed He's Scorned". Bloomberg News. Retrieved April 20, 2026.
  11. ↑ Bensen, Hannah (February 4, 2026). "From Farm to Fed chair: Kevin Warsh prepares for confirmation". Palo Alto Weekly. Retrieved April 18, 2026.
  12. ↑ Smith, Colby; Pager, Tyler (January 29, 2026). "Trump Is Expected to Announce Kevin Warsh as Fed Chair". The New York Times. Retrieved April 17, 2026.
  13. ↑ Carney, Jordain; Goodman, Jasper (April 15, 2026). "Tillis holds the cards in Trump Fed clash — and won't fold". Politico. Retrieved April 20, 2026.
  14. ↑ Timiraos, Nick; Barber, C. Ryan (April 24, 2026). "Justice Department Will End Probe of Jerome Powell, Clearing Path for Kevin Warsh". The Wall Street Journal. Retrieved April 24, 2026.
  15. ↑ Romm, Tony (April 29, 2026). "Warsh Clears an Early Hurdle on Path to Fed Chair". The New York Times. Retrieved April 29, 2026.
  16. ↑ Hapgood, Katherine (May 11, 2026). "Senate advances Kevin Warsh's Fed confirmation". Politico. Retrieved May 11, 2026.
  17. ↑ Sutton, Sam (May 12, 2026). "Senate confirms Warsh for seat on Fed Board, clearing path to become chair". Politico. Retrieved May 11, 2026.
  18. ↑ Smith, Colby (May 13, 2026). "Senate Confirms Kevin Warsh as Fed Chair". The New York Times. Retrieved May 13, 2026.
  19. ↑ Dennis, Steven; Marte, Jonnelle (May 13, 2026). "Senate Confirms Kevin Warsh to Lead Fed in Narrowest-Ever Vote". Bloomberg News. Retrieved May 13, 2026.
  20. ↑ Timiraos, Nick (May 22, 2026). "Trump Picked Warsh to Cut Rates. Markets Are Bracing for the Opposite". The Wall Street Journal. Retrieved May 22, 2026.
  21. 1 2 Andrews, Edmund (January 30, 2006). "Greenspan, Another Monument in Washington, Prepares to Leave". The New York Times. Retrieved April 14, 2026.

Other websites

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