Kevin Warsh
Jin Li | Bloomberg | Getty Images
Donald Trump, the President-elect, is reportedly contemplating nominating Kevin Warsh as Treasury Secretary, with plans to later replace him as the Chairman of the Federal Reserve, as per information from the Wall Street Journal.
Warsh, a former Federal Reserve official, is anticipated to transition to the central bank in 2026, coinciding with the expiration of Jerome Powell’s current tenure as Fed Chairman, according to sources familiar with Trump’s intentions.
This conjecture arises as the Treasury Department remains the only significant Cabinet position that President Trump has yet to fill.
Reports indicate that Warsh is among the finalists for the position, along with Mark Rowan, CEO of Apollo Global Management, and hedge fund investor Scott Bessent. One potential scenario being considered is that Bessent could initially head the National Economic Council before stepping into the Treasury role after Warsh’s assumed responsibilities at the Fed.
However, it is worth noting that President Trump is known for his unpredictable decision-making, so no conclusions can be drawn from this speculation at this stage.
“President-elect Trump is currently making decisions about who will take on roles in his second administration,” Caroline Leavitt, a spokesperson for Trump’s transition, stated. “Further announcements will be made when appropriate.”
For the complete article from the Wall Street Journal, click here.
