Mancode Posted April 18 Report Posted April 18 Kevin warsh is a hawk too, he doesnt like cutting rates easily , but he is trump's dummy , so he will listen to whatever prez says @krishnaaa @human1234 Kevin Warsh, a former governor of the Federal Reserve, during The Semafor World Economy Summit in Washington, DC, on April 18, 2024. Samuel Corum/Bloomberg/Getty Images Washington/New YorkCNN — President Donald Trump on Thursday again made clear his disdain for Federal Reserve Chair Jerome Powell, going so far as to say the central banker’s “termination can’t come fast enough” and saying in an Oval Office event that Powell will “be out of there real fast” if he wants. While many experts say the president does not in fact have the power to fire the Fed chief due to policy differences, Trump has made clear he’s willing to break with norms and precedent, even in the face of potentially monumental repercussions. Regardless, the leading contender to lead the US central bank under Trump, whether at the end of Powell’s term in May 2026 or earlier, reportedly appears to be Kevin Warsh, a former Fed governor who previously was under consideration to be Trump’s Treasury secretary for the president’s second term and was a candidate for the top job at the Fed during Trump’s first term. CNN previously reported that Warsh was again on Trump’s shortlist to become Fed chair this time around, once Powell’s time is up. In fact, Trump’s selection of Scott Bessent to lead the Treasury Department was seen by many as a way to leave Warsh open for an eventual appointment as Fed chair. Treasury Secretary Scott Bessent told Bloomberg earlier this week that the administration will start interviewing candidates for Powell’s successor “sometime in the fall.” And with speculation swirling over whether Trump will try to oust Powell before his term ends, Bessent said that “monetary policy is a jewel box that’s got to be preserved.” But who is the man who might soon lead one of the world’s most powerful financial institutions? The man who could be the next Fed chair Warsh, 55, was a vice president and executive director at Morgan Stanley in the company’s mergers and acquisitions division before serving as a special assistant to then-President George Bush for economic policy and as executive secretary at the National Economic Council. Like Powell, Warsh does not have a graduate degree in economics. He graduated from Harvard Law School in 1995. Related articleCan Trump fire Jerome Powell? The Supreme Court may soon offer some clues Bush appointed Warsh to the Fed’s Board of Governors in 2006, where he served during the height of the Great Recession as chief liaison to Wall Street. Enter your email to receive CNN's nightcap newsletter. close dialog We read all day so you don't have to. Sign up for the CNN Business Nightcap newsletter. Sign up By subscribing you agree to our privacy policy. In that role, he helped coordinate the sale of Bear Sterns to JPMorgan Chase. But he also allowed Lehman Brothers to go under in 2008, a watershed moment for global financial markets. Warsh resigned from the Fed in 2011 after publicly voicing his opposition to the central bank’s plan to buy $600 billion worth of bonds to inject more money into the economy. More recently, Warsh advised Trump’s transition team on economic policy after the November election. In a January opinion piece in The Wall Street Journal, he joined Trump in criticizing the Fed for letting inflation rise sharply during and after the pandemic. Warsh currently serves as a distinguished economics fellow at the Hoover Institution, a conservative think tank; and is a visiting scholar at Stanford University’s Graduate School of Business. Additionally, he is a member of the nonpartisan Congressional Budget Office’s panel of advisers. He is married to billionaire Jane Lauder, granddaughter of Estée Lauder, the late cosmetics industry mogul. His views on economic events and the Fed In his Wall Street Journal op-ed, Warsh wrote that high inflation rates over the past few years arose from “a government that spent too much and a central bank that printed too much.” However, most mainstream economists attribute inflation’s eruption in 2021 mostly to pandemic-induced shocks to demand and supply. What do you think?Join 210 others in the comments View Comments Warsh wrote that “the Fed should steer clear of political prognostications, not just in word but in deed,” pointing to minutes from a Fed meeting last year indicating officials believed Trump’s proposed policies could fuel inflation. In an interview with Fox Business ahead of the Fed’s latest policy meeting last month, Warsh said the turmoil sparked by Trump’s tariff war indicates an economy that “is transitioning.” “The president inherited a fiscal and economic and regulatory mess, and it’s going to take a little digging out to be on a stronger platform for growth,” he said. “Rome wasn’t built in a day, so this will take some time.” When asked about the likelihood of Trump’s tariffs stoking inflation, Warsh said that “inflation is a choice, and the Fed has made a lot of bad choices over these last several years.” “The president has to take matters into this own hands and try to kill inflation by reducing government spending,” he said. 210 comments Quote
Mancode Posted April 18 Author Report Posted April 18 On 4/18/2025 at 10:44 AM, Kootami said: Malli oka 2 days blood bath aaa US economy ki good news vuncle , oka 2 days effect anthe, long term great news fed target is 2.9 CPI , 2.4 undi inflation rate cut chesthademo chudu mundakoduuku powell gadu, ochi neethulu mingutadu...donga sanjakoduku, WEF , dems bootlicker gadu @csrcsr @Ballisticmissile @Assam_Bhayya election mundu 50 basis point cut for no reason, that is fed for u, most politicized institution 2 Quote
Mancode Posted April 18 Author Report Posted April 18 may 7th fomc meeting undhi cut cheyakapothe isari pakka pikesthadu Quote
Mancode Posted April 18 Author Report Posted April 18 1 hour ago, Coconut said: Fake news… Trump is kussy.. trump will cave Let's wait until may 7 th Quote
Pavanonline Posted April 19 Report Posted April 19 Last thing we want is another Trump buffoon in Fed Quote
jpismahatma Posted April 19 Report Posted April 19 18 hours ago, Mancode said: US economy ki good news vuncle , oka 2 days effect anthe, long term great news fed target is 2.9 CPA , 2.4 undi inflation rate cut chesthademo chudu mundakoduuku powell gadu, ochi neethulu mingutadu...donga sanjakoduku, WEF , dems bootlicker gadu @csrcsr @Ballisticmissile @Assam_Bhayya election mundu 50 basis point cut for no reason, that is fed for u, most politicized institution He played politics. But e point lo rate cut chesthe inflation tandavam inka. I am also on loosing end Quote
Popular Post Konebhar6 Posted April 19 Popular Post Report Posted April 19 18 hours ago, Mancode said: US economy ki good news vuncle , oka 2 days effect anthe, long term great news fed target is 2.9 CPA , 2.4 undi inflation rate cut chesthademo chudu mundakoduuku powell gadu, ochi neethulu mingutadu...donga sanjakoduku, WEF , dems bootlicker gadu @csrcsr @Ballisticmissile @Assam_Bhayya election mundu 50 basis point cut for no reason, that is fed for u, most politicized institution Bokkalee.. mee thatha mottam market D*** daaka vodileelaga leedu. It’s very obvious now that he has no idea what is is doing. 1 2 Quote
Pavanonline Posted April 19 Report Posted April 19 4 hours ago, Konebhar6 said: Bokkalee.. mee thatha mottam market D*** daaka vodileelaga leedu. It’s very obvious now that he has no idea what is is doing. Entertainment is all we have Quote
Mancode Posted April 19 Author Report Posted April 19 8 hours ago, Pavanonline said: Last thing we want is another Trump buffoon in Fed Tariffs is negotiating tactic ,never a permanent idea 1 Quote
Mancode Posted April 19 Author Report Posted April 19 6 hours ago, jpismahatma said: He played politics. But e point lo rate cut chesthe inflation tandavam inka. I am also on loosing end No it won't trust me,i know economics than any one else here Quote
Pavanonline Posted April 19 Report Posted April 19 21 minutes ago, Mancode said: Tariffs is negotiating tactic ,never a permanent idea Ala ithe mari tariffs tho taxes eliminate ela chesthadu and why did he proceed with 10% and Canada, Mexico and China. Quote
CanadianMalodu Posted April 19 Report Posted April 19 On 4/18/2025 at 2:02 PM, Mancode said: may 7th fomc meeting undhi cut cheyakapothe isari pakka pikesthadu He didn't do it last time. He's unlikely to it this time as well. Quote
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