Trump considers Kevin Warsh as Treasury Secretary, who will later take over as Fed Chairman

Odaily News U.S. President-elect Donald Trump has proposed picking financier Kevin Warsh as his Treasury secretary, but there is an expectation that Warsh could be nominated to lead the Fed when Jerome Powell's term as Fed chairman ends in 2026, according to people familiar with the matter. Trump is still weighing how to handle the vacancy in the Fed chairmanship and may not make a final decision until Powell's term ends in May 2026, according to people familiar with the matter. Some sources said Trump is considering appointing investor Scott Bessent to lead the National Economic Council, and if Warsh becomes Fed chairman, Bessent would be nominated as Treasury secretary later in his term. (Jin Shi)