Wide Acclaim for President Trump’s Nomination of Kevin Warsh as Fed Chair

Today, President Donald J. Trump announced his nomination of Kevin Warsh to serve as Chairman of the Board of Governors of the Federal Reserve System. Mr. Warsh is exceptionally well-prepared to lead the world's most influential central bank, with a distinguished background including degrees from Stanford University and Harvard Law School, prior roles as a Morgan Stanley executive and top economic advisor to the Bush Administration, and service as the youngest-ever Federal Reserve Governor - where he helped steer the institution through the 2008 financial crisis.

The nomination has drawn widespread praise from lawmakers, business leaders, financial experts, and industry voices across the spectrum:

Senate Committee on Banking, Housing, and Urban Affairs Chairman Tim Scott: "The Federal Reserve's decisions touch every American household, from mortgage rates to retirement savings, and President Trump has been clear that bringing accountability and credibility to the Federal Reserve is a priority, and his nomination of Kevin Warsh reflects that focus. As a former Federal Reserve Governor, Kevin has deep knowledge of markets and monetary policy that will be essential in this role. Federal Reserve independence remains paramount, and I am confident Kevin will work to instill confidence and credibility in the Fed's monetary policy. As Chairman of the Senate Banking Committee, I look forward to leading a thoughtful, timely confirmation process that carefully examines his vision for focusing the Federal Reserve on its core mission."

Sen. Jim Banks: "Kevin Warsh is a brilliant pick by President Trump for Fed Chair. Clear from what he wrote in 2021 he understands scale of China's ambitions. As member of Banking Committee I look forward to working with him to maintain American financial supremacy."

Sen. Marsha Blackburn: "Kevin Warsh is exceptionally qualified to lead the Federal Reserve as Chairman. I look forward to supporting this nomination in the Senate, and I am confident Kevin will help foster economic growth and create more opportunity for hardworking Americans."

Sen. Katie Britt: "Congratulations to Kevin Warsh on his nomination to serve as the next Chair of the Federal Reserve. Kevin brings a deep expertise and proven track record in monetary policy, including years at the Federal Reserve where he helped our nation navigate some of its most economically turbulent times. He is an exceptionally qualified candidate, and I look forward to supporting his nomination."

Sen. Shelley Moore Capito: "@potus' pick of Kevin Warsh to serve as @federalreserve Chairman is an excellent choice. I've had the [opportunity] to get to know Kevin over the years and know firsthand that he brings experience, steady leadership, and a clear understanding of the challenges facing our economy. I'm looking forward to working together."

Sen. John Cornyn: "With decades of experience in finance & economics spanning government and the private sector, Kevin Warsh is eminently qualified to serve as Chairman of the @federalreserve. I trust with him at the helm, the Federal Reserve will help guide our nation on a path of historic prosperity & opportunity just as @POTUS has. I look forward to supporting Kevin in the Senate."

Sen. Tom Cotton: "I commend President Trump nominating Kevin Warsh to become the next Chairman of the Federal Reserve. I look forward to working with him and President Trump to make life more affordable for Arkansans."

Sen. Lindsey Graham: "Great pick, Mr. President. Kevin Warsh has the experience and judgment this important role demands, along with a strong combination of academic and real-world knowledge. I have every confidence that he is the right choice at the right time, and I will enthusiastically support his nomination."

Sen. Bill Hagerty: "Congratulations to my friend Kevin Warsh on his nomination to be Chairman of the Federal Reserve. I have known Kevin for years and his exemplary record speaks for itself. No one is better suited to steer the Fed and refocus our central bank on its core statutory mandate. I look forward to voting for his confirmation in short order, and watching him succeed. An outstanding choice by @realDonaldTrump!"

Sen. Cynthia Lummis: "Now more than ever, we need a Federal Reserve that embraces digital assets and financial innovation, not one that shuns advancement. I applaud President Trump's decision and look forward to hearing Kevin Warsh's plans to undertake needed reforms to make the Fed more transparent and accountable to Congress."

Sen. Roger Marshall: "Kevin Warsh is an outstanding choice by President @realDonaldTrump to serve as the next Fed chair. His experience and expertise are exactly what our country needs right now. Time to unleash the full strength of the American economy."

Sen. Dave McCormick: "I applaud President Trump's nomination of Kevin Warsh to be Chairman of the Federal Reserve. Kevin has been a friend and colleague to Dina and me for almost 30 years. He is exactly who we need to fulfill the Fed's mandate of monetary policy that keeps inflation in check while unlocking growth, new jobs, and opportunity. Pennsylvanians can be confident that this choice will bring common sense and steady leadership to the Federal Reserve."

Sen. Bernie Moreno: "Phenomenal choice by President Trump! Kevin Warsh is a brilliant mind who will restore independence to the Federal Reserve. Unlike Powell, Kevin will make decisions based on logic and not based on politics. I look forward to voting to confirm him as the next Chairman!"

Sen. Pete Ricketts: "Congrats to Kevin Warsh on his nomination to be the next chairman of the Federal Reserve. I look forward to speaking with him about his vision of the Fed on @BankingGOP in the near future."

Sen. Rick Scott: "Kevin Warsh is a great pick from @POTUS as the next @FederalReserve Chair, and I'm excited to vote for his confirmation ASAP. The Fed has lost its way. I believe Kevin understands the need to reduce the balance sheet and rein in out-of-control spending at the Fed to help get our country back on track."

Sen. Tommy Tuberville: "Congratulations to Kevin Warsh who will do a great job as the next Chairman of the Federal Reserve. The President made an excellent choice. Time to cut rates."

Canadian Prime Minister Mark Carney: "Kevin Warsh is a fantastic choice to lead the world's most important central bank at this crucial time."

The Wall Street Journal Editorial Board: "Does Kevin Warsh know what he's getting into as President Trump's nominee to be the next Chairman of the Federal Reserve? Yes, he does, which is only one of the reasons he is the right choice for a central bank that needs reform after a generation of exceeding its proper monetary remit… This is President Trump's best second-term appointment."

Mortgage Bankers Association President and CEO Bob Broeksmit: "MBA congratulates Kevin Warsh on his nomination to serve as Chairman of the Federal Reserve. His prior service on the Federal Reserve Board, where he developed a reputation as a prudent, thoughtful voice on monetary policy, paired with his private sector experience, will be invaluable as he leads the Federal Reserve in what has become an increasingly challenging and complicated mission."

U.S. Chamber of Commerce President and CEO Suzanne P. Clark: "Kevin is well known to the business community. We appreciate his years of focus on how we grow the American economy and maintain stable prices for America's families, and look forward to his confirmation process."

JPMorgan Chase CEO Jamie Dimon: "Kevin Warsh is a highly respected and experienced leader - across government, business and education - who I have seen act with integrity and a dedication to making our country better."

Rene M. Kern Practice Professor at the Wharton School of the University of Pennsylvania Mohamed A. El-Erian: "Congratulations to Kevin Warsh on being nominated by President Donald Trump as the next Chair of the Federal Reserve, the world's most powerful central bank. Having observed and interacted with Kevin during his prior tenure as Fed Governor, in academia, and as a fellow member of the Group of Thirty (G-30), I believe he brings a strong mix of deep expertise, broad experience, and sharp communication skills. His commitment to reforming and modernizing the Fed bodes well for enhancing policy effectiveness and protecting the institution's political independence."

Financial Services Forum President and CEO Amanda Eversole: "The Federal Reserve is critical to ensuring the economic success of our nation-Kevin Warsh is the right man for the job of chair. Warsh brings an unmatched wealth of experience and has a proven track record of guiding our nation's economy through financial crisis and recovery. President Trump understands the need for strong leadership at the Federal Reserve to fulfill its dual mandate while modernizing the institution. The Forum applauds President Trump's nomination and looks forward to working with Warsh to ensure our nation's economic strength for the benefit of all Americans."

National Economic Council Director Kevin Hassett: "President Trump made a great choice… I really have high regard for Kevin and we're going to put every effort that we have into getting him confirmed as soon as possible so that we can get the Fed moving in the right direction."

Consumer Bankers Association President and CEO Lindsey Johnson: "On behalf of America's leading Main Street banks, we congratulate Kevin Warsh on his nomination to serve as Chair of the Federal Reserve. Mr. Warsh's depth of expertise and understanding of the Federal Reserve's dual mandate will be critical as the central bank navigates a complex economic environment and works to maintain stability, confidence, and long-term growth. We look forward to working with Mr. Warsh and policymakers to advance sound, predictable policies that support a strong economy, a resilient financial system, and broad access to credit for consumers and small businesses nationwide."

American Bankers Association President and CEO Rob Nichols: "Congratulations to Kevin Warsh on his nomination to serve as the next chair of the Federal Reserve Board. In selecting Warsh, President Trump has chosen an experienced and tested policymaker who previously served at the Fed during one of its most challenging moments. Having worked alongside him in the Bush administration, I know he has a deep understanding of monetary policy, markets and the important role the nation's banks play in the economy. We look forward to learning more about his current policy views during the confirmation process, and ultimately seeing a smooth transition in Fed leadership."

Job Creators Network CEO Alfredo Ortiz: "Kevin Warsh is the perfect choice to lead the Federal Reserve. He has repeatedly demonstrated understanding of the true driver of inflation: excessive government money printing, not economic growth. Under his leadership, the Fed can finally reach its target inflation rate, something Chairman Powell has continually failed to do, while also expanding access to credit for small businesses. By protecting the value of the dollar, supporting economic growth, and boosting capital access, a Warsh chairmanship can backstop a booming small business economy. The Senate should quickly confirm him."

Investment Company Institute President and CEO Eric J. Pan: "ICI offers our warm congratulations to Kevin Warsh on his selection to lead the Federal Reserve. Warsh's wealth of experience in monetary policy and financial regulation, along with his deep understanding of the Federal Reserve's dual mandate, will serve him well in this position. His unique background as a former Federal Reserve Governor, twinned with his experience in global financial markets, means he has a firm foundation from which to step into this leadership role. We commend President Trump for this outstanding nomination and look forward to working with Warsh to support the millions of American investors we serve."

CRE Finance Council President and CEO Lisa Pendergast: "CREFC congratulates Kevin Warsh on his nomination to lead the Federal Reserve. As a former Federal Reserve Governor with deep experience in financial markets, Mr. Warsh brings valuable perspective at a critical moment for the U.S. economy. Federal Reserve policy has a direct and significant impact on commercial real estate finance, influencing interest rates, liquidity, and the availability of capital across CRE lending and securitization markets. Strong, transparent leadership at the Fed is essential to maintaining market stability and supporting economic growth. We look forward to engaging with Mr. Warsh and policymakers throughout the confirmation process and beyond to advance policies that promote a healthy, resilient commercial real estate finance system."

Independent Community Bankers of America President and CEO Rebeca Romero Rainey: "ICBA and the nation's community banks congratulate Kevin Warsh on his nomination to serve as chairman of the Federal Reserve Board. As a previous member of the Fed board, Warsh has demonstrated a clear understanding of the important role of community banks in the nation's economy and the need for tiered regulations to support access to banking services in local communities. ICBA encourages policymakers in Washington to continue ongoing efforts to address excessive regulatory burdens on community banks and ensure a level regulatory playing field between banks and nonbank entities to support a secure environment for consumers and the financial system. We look forward to continuing to work closely with Warsh, the Trump administration, and the 119th Congress on these issues."

Former Secretary of State Condoleezza Rice: "Congratulations to my close friend and trusted colleague of many years at Hoover on being nominated as the next Fed Chair. Kevin is a dedicated public servant with the intellect, experience, and judgment to lead the Federal Reserve. He understands the central bank's key role for the United States and our allies around the world. We will benefit from his steady, principled leadership."

Apollo Global Management Chief Economist Torsten Slok: "He will be really a great Fed Chair because the issue is that he understands the institution. He understands that this is a committee; there are 12 voting members. He absolutely also understands the importance of guiding the committee and figuring out the consensus opinion."

UPS CEO Carol B. Tomé: "Since joining the UPS Board more than 13 years ago, Kevin Warsh has served as a trusted advisor and colleague. His deep financial markets knowledge, global economic insight, crisis management expertise, and sound judgment have made him an invaluable member of our Board. On behalf of our more than 400,000 employees, we celebrate his nomination and his willingness to serve our country in this key role."

Chevron CEO Mike Wirth: "The energy sector stands at an inflection point. Energy abundance is a national imperative, AI leadership requires unprecedented power, and geopolitics are reshaping the energy map. Having known Kevin Warsh for decades, he's uniquely prepared - in judgment, experience, and temperament - to serve our country at this critical time."

House Majority Leader Steve Scalise: "Kevin Warsh is an excellent pick to serve as the next Chair of the Federal Reserve. His extensive experience makes him well qualified for the role and with Kevin as Chairman, I'm hopeful the Fed can help America's economy continue to get back on track and restore accountability and greater trust in the institution."

House Majority Whip Tom Emmer: "Kevin Warsh is another outstanding pick by @POTUS. I hope to sit down with him soon to discuss the importance of maintaining America's status as the crypto capital of the world and look forward to his swift confirmation in the Senate."

House Republican Conference Chairwoman Lisa McClain: "President Trump has made a great choice in nominating Kevin Warsh to lead the Federal Reserve! As a former Fed governor, Mr. Warsh has the right experience and deep market expertise. I look forward to his confirmation."

Rep. Jodey Arrington: "Kevin Warsh is the right man for the job. Kevin is a longtime friend and former White House colleague-one of the smartest and most talented people I have ever served with. Kevin is a conservative economist, financial markets expert, and respected authority on fiscal, monetary, and economic policy. Kevin is a strong leader with deep convictions for free people, free markets, and fiscal responsibility. He has questioned the Fed's recent failures, criticized the Fed's overreach of the past, and rightfully admonished the Fed's complicity in the explosion of our national debt. He has dedicated his career to serving our great country and advancing the principles that made America the most powerful and prosperous nation in human history."

Rep. Andy Barr: "President Trump has hit another grand slam home run with his nomination of @kev_warsh to serve as the next Chairman of the Federal Reserve Board. Over the years, Kevin has advised me and other members of the @FinancialCmte on monetary policy, interest rates, the economy and the proper role of the Fed. His advice has always been thoughtful, insightful and well-supported. Kevin and I have also connected over the years through our mutual love for the great sport of thoroughbred horseracing. Kevin's powerful intellect, deep experience as a former Fed Board Governor, and strong background in finance and academia will serve him well in this very important position. He will do great things. Congratulations, Kevin!"

Rep. Vince Fong: "I'd like to congratulate Stanford's Hoover Distinguished Visiting Fellow Kevin Warsh on his nomination to serve as Chairman of the @federalreserve. A former Fed Governor, Kevin brings steady leadership, deep monetary policy experience, and a strong commitment to reform. @POTUS made a great choice - Kevin understands the challenges facing hardworking Americans and how to keep our economy strong."

Rep. French Hill: "With his service as member of the Federal Reserve Board of Governors, combined with his decades of academic and financial market experience, Kevin Warsh brings a clear understanding of the responsibilities of the Fed, and I congratulate him on his nomination. He has demonstrated a commitment to fighting inflation and to keeping prices in check for American families and am pleased that President Trump put forward such a qualified nominee."

Rep. Ashley Hinson: "Excellent news, Mr. President. Congratulations to Kevin Warsh on receiving this nomination to become the next Chairman of the Federal Reserve. Iowans will greatly benefit from his expertise and strong leadership. I look forward to seeing him bring the Federal Reserve back to its core mission to help usher in economic prosperity for all Americans."

Rep. Bill Huizenga: "I have known and interacted with Kevin Warsh for years. He played a pivotal role in navigating our country through one of the greatest financial crises in our lifetime. Kevin is incredibly qualified and immediately provides credibility as well as stability to this important role."

Rep. Mike Lawler: "Congratulations to New York native Kevin Warsh on being appointed as Fed Chair! He will do a phenomenal job! Having served on the Federal Reserve under President Bush and at the height of the financial collapse in 2008, he is well prepared to handle these challenging times."

Rep. Frank Lucas: "Kevin Warsh is the right pick for Fed Chair. Having previously served on the Federal Reserve's Board of Governors, Mr. Warsh has seen firsthand how to build consensus during times of crisis, both at the Board and the FOMC. As an expert economist, Mr. Warsh will work well with Vice Chair Bowman on the work she's already begun in right-sizing bank regulation and ensuring capital access across the country. Mr. Warsh's work at the Fed, in the private sector, and in the executive branch, make him more than qualified to lead the Board as our banking industry undergoes tremendous innovation. As Chairman of the Task Force on Monetary Policy, Treasury Market Resilience, and Economic Prosperity, I look forward to working alongside him to bolster the American economy."

Rep. Dan Meuser: "@POTUS made an excellent choice in Kevin Warsh to lead the @federalreserve, after months of vetting incredible candidates including Kevin Hassett, Chris Waller, and Rick Rieder. Warsh is a serious, credible choice who understands the magnitude of the job ahead - Fed policy directly affects mortgage rates, borrowing costs, and the price of everyday goods. President Trump has been clear about his priorities: lowering costs, fighting inflation, and restoring affordability, especially in the housing market. Kevin Warsh shares that focus and understands that you don't fix the economy by crushing it. You restore stability with disciplined monetary policy that supports growth rather than working against it. With experience at the Fed, in the White House, and in the private sector, Kevin Warsh understands how monetary policy impacts real people, real businesses, and long-term economic strength. The Senate should move quickly to confirm him so the Fed can refocus on its core mission and focus on helping our economy grow to the benefit of all Americans."

Rep. María Elvira Salazar: "Congratulations to my friend @kev_warsh on his appointment as Chairman of the Federal Reserve. Kevin is exceptionally qualified, experienced, and respected, and I am confident his leadership will strengthen our economy and restore trust in our financial system."

Rep. Jason Smith: "I congratulate my friend, Kevin Warsh, being nominated to be the next Chairman of the Federal Reserve. Kevin has extensive experience with monetary policy, and I have no doubt that President Trump's great selection will understand the struggles of hardworking Americans and implement policies to ensure our economy is working for them."

Rep. Elise Stefanik: "This is a very smart nomination by President Trump of Kevin Warsh as Fed Chair. Kevin is a longtime friend and he is a fellow Upstate NY native. He is exactly the right leader at this time to right the ship at the Fed and get our economy back on track for the hardworking families and small businesses across America."

Rep. Marlin Stutzman: "Kevin Warsh's nomination as Fed Chair is a PIVOTAL step to unleashing the America First economy. He has decades of market experience, and has already demonstrated his commitment to FIGHTING inflation and keeping prices in check for American families. @POTUS has picked an extremely qualified nominee!"

Rep. Ann Wagner: "Kevin Warsh is fully qualified to serve as Chairman of the Federal Reserve, and his decades of experience will serve him well as he works to ensure American families have confidence in a stable economy. President Trump made an excellent decision to nominate Kevin, and I know he will be a thoughtful steward of his responsibilities as Chair as we all work to fight inflation and support strong economic growth for our nation."

Rep. Roger Williams: "Congratulations to Kevin Warsh on his nomination to serve as Federal Reserve Chair. As a Member of the @FinancialCmte and Chairman of @HouseSmallBiz, I look forward to working together to advance policies that strengthen economic opportunity for every American."