Kevin Warsh Is Frontrunner for Treasury

“President-elect Donald Trump has floated selecting the financier Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell’s term as chair ends in 2026,“ the Wall Street Journal reports.

“Trump discussed the potential arrangement with Warsh during a meeting Wednesday at Mar-a-Lago, the president-elect’s private club in Florida.”

“Warsh is a front-runner to lead the Treasury Department… Trump is thinking about appointing the investor Scott Bessent to lead the National Economic Council with an eye toward nominating him as Treasury secretary later in his term if Warsh becomes Fed chair.”