Today, President Donald J. Trump announced his nomination of Kevin Warsh to take the helm as Chairman of the Board of Governors of the Federal Reserve System. With an impressive pedigree that includes degrees from Stanford University and Harvard Law School, alongside a career that spans Morgan Stanley and the Bush Administration, Mr. Warsh is no stranger to the complexities of economic governance. Notably, he served as the youngest Federal Reserve Governor, playing a pivotal role in navigating the institution during the tumultuous waters of the 2008 financial crisis.
His nomination has received a chorus of accolades from across the political and economic spectrum:
Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Scott remarked: “The decisions made by the Federal Reserve affect every American household, from mortgage rates to retirement savings. President Trump’s nomination of Kevin Warsh underscores his commitment to accountability and credibility in the Fed. Kevin’s background as a former Governor equips him with profound insights into markets and monetary policy, which will be essential in his new role. I look forward to leading a careful confirmation process that scrutinizes his vision for reinforcing the Fed’s core mission.”
Sen. Jim Banks expressed his approval, stating: “Kevin Warsh is a brilliant selection by President Trump for Fed Chair. His understanding of the scale of China’s ambitions, as articulated in 2021, will be crucial as we work to uphold American financial supremacy.”
Sen. Marsha Blackburn added: “Kevin Warsh is exceptionally qualified to lead the Federal Reserve. I am eager to support this nomination in the Senate, confident that he will promote economic growth and expand opportunities for hardworking Americans.”
Sen. Katie Britt congratulated Warsh, noting: “His extensive expertise and proven track record in monetary policy, including his tenure at the Federal Reserve during critical economic times, make him an outstanding candidate. I look forward to supporting his nomination.”
Sen. Shelley Moore Capito called the nomination an excellent choice, stating: “I know Kevin personally and can attest to his experience and steady leadership, essential as we tackle economic challenges.”
Sen. John Cornyn highlighted Warsh’s qualifications, asserting, “With decades of experience in finance and economics, Kevin is well-positioned to guide the Federal Reserve toward historic prosperity. I look forward to supporting him in the Senate.”
Sen. Tom Cotton praised the nomination: “I commend President Trump for nominating Kevin Warsh to lead the Federal Reserve. I look forward to collaborating with him to make life more affordable for Arkansans.”
Sen. Lindsey Graham stated: “Excellent choice, Mr. President. Kevin Warsh possesses the experience and judgment required for this vital role, combining academic rigor with practical knowledge.”
Sen. Bill Hagerty expressed his support, calling Warsh’s record “exemplary” and asserting he is uniquely suited to refocus the Fed on its core mission. “I eagerly await his confirmation,” he added.
Sen. Cynthia Lummis emphasized the need for a Federal Reserve that embraces innovation: “We need a Fed that welcomes digital assets and reform. I applaud President Trump’s choice and look forward to hearing Warsh’s plans for greater transparency.”
Sen. Roger Marshall deemed Warsh “an outstanding choice,” calling for the unleashing of the American economy’s full potential under his leadership.
Sen. Dave McCormick articulated his confidence in Warsh’s capabilities, stating: “His experience will be invaluable in navigating the Fed’s mandate while fostering economic growth and job creation.”
Sen. Bernie Moreno chimed in with enthusiasm for Warsh’s nomination, asserting that his logic-driven approach will restore independence to the Fed.
Sen. Pete Ricketts congratulated Warsh, expressing eagerness to discuss his vision for the Fed soon.
Sen. Rick Scott highlighted the need for a return to fiscal prudence, affirming his support for Warsh as the new Chair.
Sen. Tommy Tuberville expressed optimism, stating: “Congratulations to Kevin Warsh. The President made an excellent choice. It’s time to cut rates.”
Canadian Prime Minister Mark Carney lauded Warsh’s nomination, calling it a fantastic choice for leading the world’s central bank during this critical time.
The Wall Street Journal Editorial Board opined, “Does Kevin Warsh know what he’s getting into? Absolutely. That’s precisely why he’s the right choice for a central bank in need of reform after decades of straying from its core mission… This might be President Trump’s finest second-term appointment.”
Mortgage Bankers Association President and CEO Bob Broeksmit expressed his congratulations, emphasizing Warsh’s prudent approach to monetary policy as critical for the Fed’s challenging mission.
U.S. Chamber of Commerce President and CEO Suzanne P. Clark acknowledged Warsh’s reputation within the business community, anticipating productive discussions on economic growth and price stability during his confirmation process.
JPMorgan Chase CEO Jamie Dimon praised Warsh as a leader of integrity dedicated to improving the nation.
Rene M. Kern Practice Professor at the Wharton School of the University of Pennsylvania Mohamed A. El-Erian noted: “Warsh’s blend of expertise and communication skills will enhance policy effectiveness and protect the Fed’s political independence.”
Financial Services Forum President and CEO Amanda Eversole asserted that Warsh embodies the leadership needed to navigate the Fed’s dual mandate effectively.
National Economic Council Director Kevin Hassett endorsed Warsh, emphasizing the urgency of his confirmation to steer the Fed in a constructive direction.
Consumer Bankers Association President and CEO Lindsey Johnson lauded Warsh’s expertise, anticipating effective collaboration on policies that foster economic stability and growth.
American Bankers Association President and CEO Rob Nichols expressed confidence in Warsh’s understanding of monetary policy and its implications for the banking sector, looking forward to a smooth transition at the Fed.
Job Creators Network CEO Alfredo Ortiz hailed Warsh’s selection, emphasizing his insights into inflation and the importance of sound monetary policy for fostering small business growth.
Investment Company Institute President and CEO Eric J. Pan celebrated Warsh’s nomination, highlighting his experience in monetary policy as a significant asset for the Fed.
CRE Finance Council President and CEO Lisa Pendergast congratulated Warsh, noting the critical role of the Fed in commercial real estate finance and the need for strong leadership as the economy navigates uncertainty.
Independent Community Bankers of America President and CEO Rebeca Romero Rainey praised Warsh’s understanding of community banks, urging continued efforts to support equitable regulations.
Former Secretary of State Condoleezza Rice congratulated her longtime colleague, expressing confidence in Warsh’s ability to lead the Fed effectively.
Apollo Global Management Chief Economist Torsten Slok remarked on Warsh’s understanding of the Federal Reserve as a committee, which will be critical in guiding consensus.
UPS CEO Carol B. Tomé praised Warsh’s financial acumen and crisis management skills, celebrating his willingness to serve in this vital role.
Chevron CEO Mike Wirth noted the unique challenges facing the energy sector and expressed confidence in Warsh’s capabilities during this pivotal time.
House Majority Leader Steve Scalise commended Warsh’s qualifications, expressing hope that he will help restore trust in the Federal Reserve.
House Majority Whip Tom Emmer echoed these sentiments, eager to discuss the importance of maintaining America’s status in the financial landscape during Warsh’s tenure.
House Republican Conference Chairwoman Lisa McClain expressed her enthusiasm for Warsh’s nomination, citing his extensive Fed experience as a vital asset.
Rep. Jodey Arrington heralded Warsh as a capable leader who understands the Fed’s role in navigating economic challenges and restoring fiscal responsibility.
Rep. Andy Barr emphasized Warsh’s thoughtful approach to monetary policy and his strong connection to the challenges facing American families.
Rep. Vince Fong congratulated Warsh on his nomination, highlighting his commitment to reform and understanding of the economic landscape.
Rep. French Hill noted Warsh’s dedication to fighting inflation as crucial for American families, praising his nomination.
Rep. Ashley Hinson expressed her excitement regarding Warsh’s expertise and leadership potential for economic prosperity.
Rep. Bill Huizenga affirmed his long-standing relationship with Warsh, commending his qualifications to stabilize the Federal Reserve.
Rep. Mike Lawler celebrated Warsh’s nomination as a timely choice given his experience during the 2008 crisis.
Rep. Frank Lucas emphasized Warsh’s consensus-building skills as vital for navigating the complex challenges ahead.
Rep. Dan Meuser underscored Warsh’s understanding of monetary policy’s impact on everyday Americans, calling for a swift confirmation process.
Rep. María Elvira Salazar congratulated Warsh, expressing confidence in his ability to strengthen the economy and restore trust in the financial system.
Rep. Jason Smith applauded Warsh’s extensive monetary policy experience, assuring that he would advocate for hardworking Americans.
Rep. Elise Stefanik considered Warsh’s nomination a strategic choice for revitalizing the economy.
Rep. Marlin Stutzman lauded Warsh as a pivotal selection for boosting the American economy, emphasizing his commitment to tackling inflation.
Rep. Ann Wagner celebrated Warsh’s qualifications for ensuring stability in the economy, expressing confidence in his thoughtful stewardship.
Rep. Roger Williams congratulated Warsh, looking forward to collaborating on policies that enhance economic opportunities for all Americans.
