Well known on Washington and Wall Street, Kevin Worsh began his career at Morgan Stanley before moving to the George W. Bush White House in 2002 as an economic adviser. The president then appointed him to the Fed in 2006.At 35 years old, he was the youngest Fed governor ever. Since leaving the Fed in 2011, Wars has worked for the legendary investor Stan Ducken Miller at Dukane Capital. He's not MAGA and has a reputation as an inflation hawk, which raises questions about the choice.But Worsh has also been a ...

Is closing the investigation enough a senator, or do you need other assurances that you think this administration is going to respect the Fed independence. Well, right now I think you do that by making a judgment. Look, we've got two cases here, right. We've got the Cook case and we have the Powell case.Both of those, to me, are instances of trying to undermine the credibility of the Fed independent. And I'm I'm staying focused on that one goal. I'm not really persuaded or even willing to entertain any disc ...

Group 1 - The core issue revolves around the independence of the Federal Reserve (Fed) and the need for investigations related to the Cook and Powell cases to be resolved before moving forward with any board nominations [1][2][3] - The Powell case is identified as a significant barrier to considering any new nominees for the Fed chair position, which is set to expire in February [4][5] - The importance of maintaining Fed independence is emphasized, with concerns that undermining the chair could erode market confidence [6][7] Group 2 - The Senate's role is highlighted as crucial in ensuring the Fed's independence and not rewarding perceived bad behavior that threatens this independence [6][7] - The Cook case is viewed as part of a broader trend that could impact the credibility of the Fed, necessitating resolution before proceeding with nominations [2][6]

🔊ELIZABETH WARREN REACTS: TRUMP CHOSE WARSH BECAUSE HE IS LOYAL TO HIM!@SenWarren has reacted to Trump's nomination of Kevin Warsh as the next president. According to the US senator, Kevin has passed the "loyalty test."She further added that no Republican interested in the Fed's independence will support Trump's nomination until he drops his "witch hunts of current Fed Chair Jerome Powell and Governor Lisa Cook."Did Trump nominate Warsh because he is a yes man?BSCN (@BSCNews):🚨NEW: TRUMP APPOINTS WARSH AS N ...

Core Viewpoint - The nomination of Kevin Warsh to succeed Chairman Powell is seen positively, but ongoing investigations may delay the confirmation process and impact the Federal Reserve's operations [1][22]. Group 1: Nomination and Confirmation Process - Kevin Warsh has been nominated by the President to succeed Chairman Powell, and he is regarded as a qualified nominee with a strong understanding of monetary policy [1][15]. - The confirmation process is currently hindered by ongoing investigations, which may take time to resolve before the Senate can proceed with the nomination [3][22]. - There is a concern that if the investigations linger, it could create uncertainty at the top of the Federal Reserve, especially if Chairman Powell steps down [3][10]. Group 2: Investigations and Federal Reserve Independence - The investigations are perceived as potentially frivolous and may undermine the credibility of the Federal Reserve's independence [2][12]. - There are two key cases affecting the confirmation: the Powell case and the Cook case, both of which need resolution for the nomination process to move forward [7][10]. - The importance of maintaining the Federal Reserve's independence is emphasized, with concerns that the investigations are politically motivated rather than based on substantive allegations [12][13]. Group 3: Future Implications - The timeline for resolving the investigations is uncertain, with potential scenarios suggesting they could extend for years, impacting the Federal Reserve's leadership [20][21]. - The administration's actions in nominating Warsh may indicate a willingness to expedite the resolution of the investigations, suggesting a recognition of the need for clarity regarding criminal intent [22][19]. - The ongoing discussions between the Senate and the administration reflect a commitment to uphold the institutional separation and independence of the Federal Reserve [19][23].

We have some news this morning. As you know, Kevin Warsh has been nominated by the president of the United States to succeed Chairman Power. Does it change anything for you, sir. No, it does.I am pleased with the nominee. I think that by most accounts he's well regarded. But we still have to clear the current matter.Look, they're pursuing a on the basis of criminal intent testimony and a banking committee hearing that clearly had no criminal intent. So to me, you've got some assistant U.S. attorney with a d ...

🇺🇸 JUST IN: Elizabeth Warren criticized President Trump’s nomination of Kevin Warsh as Fed Chair, warning it threatens Fed independence. https://t.co/WA2nyaQak8 ...

Group 1 - President Trump has appointed Kevin Warsh as the new Federal Reserve chair, succeeding Jerome Powell, amidst significant turmoil surrounding the central bank [1][5] - Warsh's selection is expected to have minimal impact on the markets due to his previous experience with the Fed and the perception that he may not always align with Trump's directives [2][10] - The nomination process was competitive, initially involving 11 candidates, and was led by Treasury Secretary Scott Bessent, ultimately narrowing down to Warsh [8] Group 2 - The Federal Reserve is currently facing challenges such as persistent inflation, increasing government borrowing, and direct political pressure regarding its monetary policy [5][9] - Warsh has previously criticized the current Fed leadership, suggesting a "credibility deficit" among incumbents, which may lead to conflicts within the institution [4][3] - Market expectations indicate limited action from the new chair, with traders anticipating at most two more interest rate cuts this year, bringing the benchmark fed funds rate to around 3% [10]

Drum roll please, your views on Kevin Warsh and what he would mean for markets. I think this is a big moment for markets in the short term in terms of we've talked over this month about some crazy moves and about kind of some frothy price action in markets. This is now the catalyst to to change things around.And let me explain why I think that relative to expectations as priced, this is a surprising outcome in terms of its kind of enforcing Fed credibility and Fed independence relative to what's priced. Thi ...

Jan 30 (Reuters) - President Donald Trump said on Thursday he intends to announce his pick to replace Federal Reserve Chair Jerome Powell on Friday, with speculation intensifying that the nod will go to former Fed governor Kevin Warsh. Bloomberg News ​later reported that the White House is preparing for Trump to nominate Warsh as the next Fed chair, citing people familiar ‌with the matter. Warsh, on the short list of candidates to lead the central bank when Powell's leadership term ends in May, went to ...