Trump Considers Warsh for Treasury, Then Fed Chair in 2026

Nov 22, 2024, 03:13 AM

Former President Donald Trump is contemplating appointing Kevin Warsh as Treasury Secretary, with the understanding that Warsh could later be nominated to lead the Federal Reserve when Jerome Powell's term as chair ends in 2026. This arrangement was discussed by Trump with Warsh on Wednesday, according to the Wall Street Journal. Additionally, Trump is considering Scott Bessent for the role of National Economic Council (NEC) director, with the potential to nominate him as Treasury Secretary later in his term.