Who is Kevin Warsh? And why did Trump choose him to head the Federal Reserve?

🔹 Kevin Warsh is an American economist and former member of the Board of Governors of the Federal Reserve from 2006 to 2011, and is considered one of the prominent monetary figures on Wall Street.

🔹 He was nominated by Donald Trump to head the Federal Reserve, succeeding Jerome Powell, pending Senate approval.

🔹 His monetary stance:

• A critic of excessive monetary easing and the Federal Reserve's budget inflation.

• Tends to lower interest rates during economic slowdowns, but is considered more cautious about inflation.

• Combines hawkishness and flexibility according to market conditions.

🔹 His view on the market:

• Supports market stability more than speculative support.

• Focuses on restoring the credibility of monetary policy.

• Emphasizes the independence of the Federal Reserve despite his political closeness to Trump.

📌 Summary:

Warsh is seen as a “balanced” option for the markets: less accommodative than Powell, and less confrontational than other candidates, with a potential approach that may be more supportive of growth if the economy slows.