Trump Selects Warsh to Succeed Powell as Fed Chair

On January 30, 2026, President Trump announced his decision to nominate Kevin Warsh as the next Federal Reserve chair. Warsh is set to succeed Jerome Powell once Powell’s term concludes on May 23, 2026.

Kevin Warsh, a former Federal Reserve governor, is recognized for his criticism of the Fed’s quantitative easing policies. His nomination comes after Trump’s previous consideration of Warsh for the role in 2017.

Markets are closely watching Warsh’s nomination due to his hawkish stance on monetary policies. Potential regulatory shifts and changes in bank oversight may arise from his appointment, yet no crypto-specific impacts have emerged.

Analysts highlight Warsh’s preference for a smaller Fed balance sheet and reduced regulation. Historical perspectives suggest his policies may steer the Fed towards more conservative monetary actions, though tangible effects on the crypto markets remain absent.

In 2017, Trump considered Warsh for Fed chair before selecting Powell. No cryptocurrencies were notably impacted then, suggesting a similar narrative may unfold unless Warsh’s policies visibly target digital assets.

Kanalcoin experts propose that a Warsh-led Fed might focus on traditional financial metrics rather than regulatory explorations in the crypto domain. Data and trends imply limited immediate impact on cryptocurrency markets.

Donald Trump, President, United States, “I have Kevin for long period, and no doubt he will as one the GREAT Chairmen maybe the best. On top of everything else, he is ‘central casting,’ he will let you. Congratulations!”