Hold onto your wallets, folks! Trump is about to throw a curveball at the Federal Reserve by nominating former Fed governor and Wall Street wizard Kevin Warsh as the next head honcho. It’s like choosing between a rock and a hard place, but hey, who doesn’t like a little drama in the monetary policy world?
- After what feels like an eternity of “who’s it gonna be?”, Word on the street is that Trump is ready to announce Warsh as Fed chair, but aides are whispering, “Not so fast!” because nothing’s set in stone until Trump tweets it.
- Warsh, who has been playing the Wall Street game longer than most of us have been playing Monopoly, outshined contenders like Kevin Hassett (who?), Rick Rieder (sounds fancy), and Christopher Waller (the guy who always shows up late).
- This pick comes after Trump’s relentless Twitter tirades against Powell, raising eyebrows about how much influence he wants over the Fed-because we all know, nothing says independence like a strong White House presence!
Our favorite reality TV president is getting cozy with Wall Street once again by nominating his buddy Kevin Warsh to steer the Federal Reserve ship. Advisors say the announcement could come faster than you can say “monetary policy,” possibly by Friday!
In classic Trump style, he referred to Warsh as “a really great choice,” promising us he’s “somebody that is very respected.” Well, I hope he’s not just respected in the financial world; he better be able to juggle flaming torches too! Warsh, who previously dabbled with Morgan Stanley and served under George W. Bush, met with Trump for what they call the final countdown meeting. If this was a game show, you’d think it’d be the final buzzer!
Trump expected to name Kevin Warsh
And the suspense continues! Warsh’s rise to the top was like watching a bad reality show where everyone thought they had a chance. The finalists included Hassett, Rieder, and Waller, but apparently, a good old-fashioned backroom deal helped Warsh emerge victorious. But don’t pop the champagne just yet-advisors are cautioning that it’s not “official” until Trump gives the thumbs up from the Oval Office.
Let’s not forget the backdrop of chaos in Washington. Trump has taken aim at Powell like he’s a piñata at a birthday party, making it clear that his next Fed chair should toe the line. Warsh was a contender before and was even considered for Treasury Secretary, but Trump went with someone else. Classic plot twist!
Oh, and while we’re at it, the crypto market is also doing its thing, with Bitcoin trying to break the $82,536 barrier while Ethereum sulks in the corner at around $2,722. With all this financial fun and games, who needs a soap opera?
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2026-01-30 16:13