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Wall Street on red alert as Trump eyes Kevin Warsh to lead Federal Reserve

Federal Reserve Chairman Kevin Warsh testifies before the House Financial Services Committee on Capitol Hill on July 14
Federal Reserve Chairman Kevin Warsh testifies before the House Financial Services Committee on Capitol Hill on July 14 (Getty)
  • President Trump frequently compliments Federal Reserve Chair Kevin Warsh on his appearance, reportedly ‘swooning’ over his looks when he appears on television.
  • Warsh, hand-picked by Trump, succeeded Jerome Powell and maintains regular contact with the president, discussing topics like artificial intelligence and the war in Iran, though not interest rates.
  • Trump has also praised Warsh as a ‘brilliant guy,’ despite the Federal Reserve keeping interest rates unchanged, and Warsh himself hinted at tightening policy if inflation rises.
  • Beyond Warsh, Trump has a history of complimenting other men’s looks, including Syrian President Ahmed al-Sharaa, reporter Majed AlFarsi, and New York City Mayor Zohran Mamdani.
  • The president’s relationship with Warsh contrasts with his fractious interactions with previous Federal Reserve Chair Jerome Powell, whom he publicly criticized over interest rates.
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