{"id":259536,"date":"2026-01-30T15:57:09","date_gmt":"2026-01-30T15:57:09","guid":{"rendered":"https:\/\/www.newsbeep.com\/nz\/259536\/"},"modified":"2026-01-30T15:57:09","modified_gmt":"2026-01-30T15:57:09","slug":"trump-nominates-kevin-warsh-as-new-federal-reserve-chair","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/nz\/259536\/","title":{"rendered":"Trump nominates Kevin Warsh as new Federal Reserve chair"},"content":{"rendered":"<p><img decoding=\"async\" src=\"https:\/\/static.files.bbci.co.uk\/core\/website\/assets\/static\/news\/incident-types\/light-mode\/analysis.77b314ef10.svg\" alt=\"Analysis\" draggable=\"false\" class=\"ssrcss-to2z4d-ContributorImageComponent e2hr5uu0\"\/>Warsh is a rare candidate who appears to appease both the president and investorspublished at 12:47 GMT<\/p>\n<p>12:47 GMT<\/p>\n<p class=\"ssrcss-arspwv-Contributor etflsgg2\"><img decoding=\"async\" alt=\"\" loading=\"lazy\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2025\/10\/54ee2260-b13b-4764-8ffe-9da5e4b57d8a.jpg.webp.webp\" width=\"64\" height=\"64\" class=\"ssrcss-egie1y-Image edrdn950\"\/>Dharshini David<br \/>Deputy economics editor<\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" alt=\"Kevin Warsh in sunglasses and a suit\" src=\"https:\/\/www.newsbeep.com\/nz\/wp-content\/uploads\/2026\/01\/48fe83d1-3dd1-41c5-823d-13ced30911ff.jpg.webp.webp\"  width=\"1024\" height=\"576\" class=\"ssrcss-egie1y-Image edrdn950\"\/>Image source, Getty Images<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Kevin Warsh, a Wall Street veteran and a former Federal Reserve member, faces one of the world\u2019s most coveted policymaking jobs &#8211; but perhaps also one of the trickiest.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">This selection process has not just been about who gets to be the world\u2019s most powerful banker &#8211; but also the future of the central bank&#8217;s independence.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Kevin Warsh is a rare candidate who appears to appease both the president and investors.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Warsh believes that rates should be lower and that the AI revolution can help contain inflationary pressures &#8211; aligning with the president.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Meanwhile, some investors believe Warsh&#8217;s track record on taking a tough line on inflation during his previous stint as Fed Chair hints at a pragmatic approach.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">He now undergoes a Senate confirmation, where there is resistance to appointing a new chair while an investigation into the present chair is ongoing.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">And then, once in post, he will need to prove his credibility to markets, coping with political pressure to cut rates amid a weakening jobs market &#8211; while also trying to balance the need to curb inflation.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">President Trump has acknowledged that however amenable candidates may appear beforehand, they tend to pick their own path once in post.<\/p>\n<p class=\"ssrcss-1q0x1qg-Paragraph e1jhz7w10\">Economists suggest Warsh may choose not to push for rate cuts immediately, to underscore that independence at America\u2019s central bank has been maintained.<\/p>\n","protected":false},"excerpt":{"rendered":"Warsh is a rare candidate who appears to appease both the president and investorspublished at 12:47 GMT 12:47&hellip;\n","protected":false},"author":2,"featured_media":259537,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[138,219,111,139,69],"class_list":{"0":"post-259536","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-economy","8":"tag-business","9":"tag-economy","10":"tag-new-zealand","11":"tag-newzealand","12":"tag-nz"},"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/259536","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/comments?post=259536"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/posts\/259536\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media\/259537"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/media?parent=259536"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/categories?post=259536"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/nz\/wp-json\/wp\/v2\/tags?post=259536"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}