Trump officially nominates Kevin Warsh as Fed chair to replace Jerome Powell

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Trump has nominated Kevin Warsh as the new Fed chair, but his nomination is at risk due to a potential block by Sen. Thom Tillis over a federal criminal investigation involving current Fed Chair Jerome Powell.

Market Impact

Market impact analysis based on neutral sentiment with 80% confidence.

Sentiment
Neutral
AI Confidence
80%
Time Horizon
Short Term

Article Context

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Sen. Thom Tillis has said he would block Kevin Warsh's nomination until a federal criminal investigation of Fed Chair Jerome Powell is dropped

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Original article published by CNBC on March 4, 2026.
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