President Donald Trump is expected to nominate Kevin Warsh as the next chair of the Federal Reserve, with an announcement anticipated on Friday, according to several major media outlets. Warsh, who served as a Fed governor from 2006 to 2011, would replace Jerome Powell when his term ends in May.
The nomination has drawn attention due to Warsh’s reputation as a fiscal conservative and monetary policy hawk. Markets have reacted to the reports with a stronger US dollar and rising Treasury yields, reflecting expectations of a tighter policy stance under his leadership. Prediction markets have also shifted sharply in his favor following reports of his meeting with Trump.
Warsh has previously expressed a more open view toward Bitcoin than current Fed leadership, suggesting the asset could provide market discipline on policymakers. His nomination would come as Congress and regulators continue to debate the future framework for digital asset oversight in the United States.
