Donald Trump Considers Kevin Warsh for Treasury Secretary and Potential Fed Chairman

President-elect Donald Trump is currently evaluating several candidates for the position of Treasury Secretary, and one of the prominent names under consideration is Kevin Warsh. According to recent reports, Warsh, an American financier and former member of the Federal Reserve Board of Governors, is being considered not only for the Treasury Secretary role but also as a potential future Chairman of the Federal Reserve.

Warsh has a significant background in economic policy and finance. He served on the Federal Reserve Board of Governors from 2006 to 2011 and played a crucial role during the 2007-2008 financial crisis. During this period, he acted as the central bank’s primary liaison to Wall Street and represented the Federal Reserve at the Group of Twenty (G-20) and in various economic engagements in Asia.

Warsh’s experience includes serving as Special Assistant to the President for Economic Policy and Executive Secretary of the White House National Economic Council. He is currently the Shepard Family Distinguished Visiting Fellow in Economics at Stanford University‘s Hoover Institution and a scholar and lecturer at the Stanford Graduate School of Business.

His involvement in navigating the financial crisis, including efforts to engineer mergers between major financial institutions and his role in converting Morgan Stanley into a bank holding company to access Federal Reserve loans, highlights his deep understanding of financial markets and regulatory policies.

If selected, Warsh would bring a wealth of experience and insight to the Treasury Secretary position, potentially setting him up for a future role as Federal Reserve Chairman. This consideration is part of Trump’s broader efforts to shape his economic team as he prepares to take office).