Trump will nominate former Federal Reserve governor Kevin Warsh as the next chair of the central bank, replacing Jerome Powell

January 30, 2026

Trump's pick is likely to result in sharp changes to the powerful agency that could bring it closer to the White House and reduce its longtime independence from day-to-day politics.

Want more from AP News? Sign up for Morning Wire and Afternoon Wire for a rundown of the top stories of the day.

ADVERTISEMENT

Manage preferences  | Privacy policy | Unsubscribe    

*Advertisers have no control over editorial decisions or content. If you're interested in advertising, contact us here.