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Trump nominates Kevin Warsh to lead the Fed — markets worldwide may feel the shift soon
Business
Published on 3 May 2026
Will Warsh challenge the Fed’s independence and rate path
The US Federal Reserve is heading for a key leadership change as Donald Trump nominates Kevin Warsh to replace Jerome Powell when his term ends May 15, pending Senate approval. The decision could reverberate through global markets by reshaping expectations for interest rates and monetary policy—raising urgent questions about how independent the Fed will be under Warsh.
- Kevin Warsh is nominated to replace Jerome Powell as Fed chair
- Senate approval is still required before any transition
- Global markets watch for signals on interest rates and policy direction
- The bigger question is whether Fed independence changes under Trump
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times