Chair, US Federal Reserve
Kevin Warsh succeeded Jerome Powell as chair of the US central bank in May 2026, after a Senate confirmation by the narrowest margin ever recorded for the post. He is no stranger to the building: he served there as a governor between 2006 and 2011, living through the credit crisis up close. His term as chair runs to 21 May 2030.
The Fed chair helps set the interest rate the entire world takes its cue from. Every phrase in his press conferences is weighed word by word. Because Warsh is new in the role, uncertainty about his reaction function is higher than usual — and so is the market move on every statement.
Graduates in public policy from Stanford; later earns a law degree from Harvard.
Works at Morgan Stanley in the mergers and acquisitions department.
Becomes economic adviser to President Bush and executive secretary of the National Economic Council.
Appointed a Federal Reserve governor; helps shape the 2008 crisis response.
Leaves the Fed; becomes a partner at Duquesne Family Office and a fellow at Stanford's Hoover Institution.
Nominated as chair in January, confirmed by the Senate and sworn in in May.
Quotes still to be added. Only add them together with a source and a date.
Updated: 2026-07-23
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