In brief
- U.S. President Donald Trump has nominated Kevin Warsh as Chair of the Federal Reserve.
- Trump’s pick comes amid heightened political pressure on the Fed and renewed volatility in crypto markets.
- Warsh has previously called many crypto projects fraudulent and worthless, but he has voiced support for Bitcoin.
U.S. President Donald Trump nominated financier and former Federal Reserve governor Kevin Warsh to succeed Jerome Powell as Chair of the country’s central bank on Friday, a choice that lands as cryptocurrency markets slide and investors reassess the outlook for interest rates.
Announcing the pick on Truth Social, Trump praised Warsh’s credentials and record, calling him a future “GREAT Fed Chairman” and signaling an…
Jan 30 2026
