Trump Finally Picks Fed Chief Who Didn’t Get Ghosted in 2017
KEY POINTS
- •Kevin Warsh, former Fed governor and Wall Street veteran, meets Trump on January 30, White House in Sun Valley, Idaho buzzes.
- •Trump says Warsh 'won't be surprising' since he was passed over in favor of Powell in 2017 for Fed chair.
- •Warsh supports Trump’s tax and deregulation efforts and faces Senate confirmation amid concerns about Fed independence.
President Trump is dusting off the Fed’s velvet rope to let Kevin Warsh, the man he ghosted in 2017, play Federal Reserve chair this Friday morning. Warsh, a Wall Street veteran with Fed cred from 2006-2011—and stunning in-laws from the Estée Lauder dynasty—already has markets jittering like they’re caffeine-fueled squirrels reacting to his nomination buzzed at Polymarket with $300 million on Warsh’s winning ticket. The White House didn’t confirm the move yet, but Trump dropped hints last night calling Warsh 'someone who coulda been there a few years ago.' Warsh openly loves Trump’s tax and dereg policies, saying the economy booming is a better plan than Fed-sabotage. Senate approval? TBD, as some lawmakers clutch their pearls over Fed independence drama. Stakes: a 55-year-old with Harvard, Stanford, and a Wall Street Rolodex tries to fix the Fed’s credibility, armed only with 'regime change' tweets from 2017 and the glow of Lauder lipstick heritage.
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Trump’s 2017 Fed reject is back and ready to pump up the economy—or pump chaos. Spoiler: Wall Street loves family connections, Fed independence, not so much.
Kevin Warsh’s Fed comeback is the ultimate 'sorry I blew you off in 2017' flex with Estée Lauder’s skincare team cheering in the background.
Trump nominating Warsh means the Fed’s about to get deregulated, glamorized, and possibly financed by overpriced cosmetics. Rate hikes meet highlighter.
Source: Axios | Published: 1/30/2026 | Author: Mike Allen
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