President-elect Donald Trump is reportedly considering appointing Kevin Warsh as Treasury secretary and later nominating him to serve as Federal Reserve chair, as per a report by the Wall Street Journal.
Warsh, a former Federal Reserve governor, is expected to transition to the central bank after the conclusion of current Chair Jerome Powell’s term in 2026, according to sources familiar with Trump’s plans cited by the Journal.
This speculation arises as Treasury remains the only major Cabinet position for which Trump has not yet disclosed his intentions.
Several reports have identified Warsh as a top contender, alongside Marc Rowan, CEO of Apollo Global Management, and Scott Bessent, a hedge fund manager. One potential scenario involves Bessent initially leading the National Economic Council before moving to Treasury once Warsh assumes the Fed chairmanship.
Nevertheless, Trump is known for his tendency to alter decisions, and the report emphasizes that nothing has been definitively decided.
Karoline Leavitt, a spokeswoman for the Trump transition, stated, “President-Elect Trump is making decisions on who will serve in his second Administration. Those decisions will continue to be announced by him when they are made.”
For the complete Wall Street Journal article, click here.
