Tag: Kevin Warsh

• Thursday, June 18th 2026 - 14:54 UTC

  Fed keeps rates unchanged; new chairman Warsh anticipates FOMC summaries will be shorter…and to facts

  

  The Federal Open Market Committee from the US Federal Reserve voted unanimously to keep its benchmark overnight borrowing rate anchored in a range of 3.5%-3.75%. It was the first meeting of the Fed with the newly appointed chairman, Kevin Warsh.

• Wednesday, May 13th 2026 - 20:00 UTC

  Warsh to succeed Powell at the Fed with inflation at three-year high

  

  The US Senate on Wednesday confirmed economist Kevin Warsh as the 17th chair of the Federal Reserve in a 54-45 vote, in a transition that hands control of the world's most influential central bank to President Donald Trump's pick at a moment of strong inflationary pressure. Warsh, a former Fed governor during the 2008 financial crisis and a former Morgan Stanley banker, will formally take office on Friday 15 May, following the departure of Jerome Powell, whose eight-year term has been marked by successive economic crises and a prolonged clash with the White House over the central bank's political independence.

• Wednesday, April 15th 2026 - 22:12 UTC

  Trump says he will fire Powell if he stays past May as Senate stalls successor's confirmation

  

  US President Donald Trump on Wednesday threatened to fire Federal Reserve Chair Jerome Powell if he does not leave when his term expires on May 15. “Well then, I'll have to fire him,” Trump said in an interview on Fox Business. “I've held back firing him. I've wanted to fire him, but I hate to be controversial. I want to be uncontroversial, but he will be fired.”

• Monday, February 2nd 2026 - 17:43 UTC

  China’s Xi calls to make Renminbi “a powerful currency,” as Trump is ready to change Fed’s chair

  

  China’s President Xi Jinping has called for the renminbi to achieve global reserve currency status, “a powerful currency” according to remarks published on Saturday in Qiushi, the Chinese Communist Party’s flagship ideology journal.

• Friday, January 30th 2026 - 18:50 UTC

  Trump taps Kevin Warsh to lead the Federal Reserve, setting up a high-stakes confirmation fight

  

  Donald Trump said on Friday he will nominate Kevin Warsh, a former Federal Reserve governor, to become the next chair of the U.S. central bank, replacing Jerome Powell when Powell’s term as chair expires in May. The announcement, delivered via Truth Social, follows months of speculation over who would inherit the world’s most consequential monetary-policy job.