Trump announces Kevin Warsh as pick to be next Federal Reserve chair

President Trump confirmed Friday morning that he will nominate Kevin Warsh to replace Jerome Powell as chairman of the Federal Reserve, predicting Warsh “will go down as one of the GREAT Fed Chairmen, maybe the best.”Trump, 79, announced the pick of Warsh, 55, on Truth Social hours after The Post’s Charles Gasparino reported that the commander-in-chief had settled on the former Fed governor to take over the central bank.“On top of everything else,” Trump said of Warsh, “he is ‘central casting,’ and he will never let you down.Congratulations Kevin!”Gasparino reported that the president formally called Warsh to offer him the job on Thursday after a final meeting, choosing him over BlackRock executive Rick Rieder, National Economic Council Director Kevin Hassett, and current Fed governor Christopher Waller.In a separate post, Trump confirmed he had interviewed Rieder and Waller “and others” for the job, adding: “They all would have been outstanding, and have a great and unlimited future with ‘TRUMP.’ Such amazing talent in our Country.”The president did not say he had interviewed Hassett for the post, but acknowledged speculation linking him to the job.“[A] great Chairman he would have been but, quite honestly, he is doing such an outstanding job working with me and my team at the White House, that I just didn’t want to let him go,” Trump wrote.

“Kevin is indescribably good so, as the expression goes, ‘if you can’t do better, don’t try to fix it!’ Thank you Kevin for doing such a great job!”Warsh’s selection marks a comeback for the former Fed governor, whom Trump passed over for the top job in 2017 before later expressing regret about choosing Powell.In recent months, Warsh has aligned himself more closely with Trump, publicly arguing that interest rates could be significantly lower — a notable shift for an economist once known as an inflation hawk.That evolution has reassured some Trump allies but raised concerns a...