Episode 5106: President Trump Picks New Fed Chair; Streets Of Minneapolis Continue To Burn
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Who did President Trump select as the new Fed Chair?
official the breaking news that we've all been waiting for it is now out on truth social president trump saying that he has picked kevin warsh as his choice for the next chairman of the fomc uh we will next chairman of the fed we will continue to get some of these numbers up i have some of this information up it is literally just hitting but this is what we've been talking about um since last night really the the news was first out kind of been reported in several different outlets that uh President Trump had honed in on his choice. He said that. Have you seen the actual two? I haven't. I got it because he's really got a lot that he's saying here. We should probably go. Is that all we're going to go ahead and read?
Kevin currently serves as the Shepard family distinguishing. Distinguished visiting fellow in economics at the Hoover Institution, lecturer at Stanford Graduate School of Business. He's a partner of Stan Druckenmiller at Duquesne Family Office, LLC. Received an AB from Stanford. Guess he couldn't get in anywhere else. And a J.D., kidding, from Harvard Law. Also, he has conducted extensive research in the field of economics and finance, issued an independent report to the Bank of England proposing reforms and the conduct of monetary policy in the U.K. Wow, the president went wild here with all this. Parliament adopted the report's recommendations. He became the youngest Fed governor ever at 35 and is a member of the Board of Governors of the Federal Reserve from 2006 until 2011.
As a federal representative to the Group of 20, G20 is the board's emissary to the emerging and advanced economies in Asia. This is really long. In addition, he was administrative governor, managing and overseeing the board's operations, personnel, and financial performance. And prior to his appointment to the Fed, from 2000 to 2002 to 2006, he served as special assistant to the president for economic policy and executive secretary of the White House National Economic Council. Previously, Kevin was a member of mergers and acquisitions department at Morgan Stanley in New York. And I think that Bonson mentioned he knew him at Morgan Stanley. I think that's what he said. Serving as vice president and as an executive director.
I've known him. And here's this is the last. then maybe most salient thing here. I have known Kevin for a long period of time, have no doubt that he will go down as one of the great Fed chairman, maybe the best on top of everything else. He is central casting and he will never say that. Yeah. And he will never let you down. Congratulations, Kevin, President Donald Trump.
This is the primal scream of a dying regime. Pray for our enemies, because we're going medieval on these people. I got a free shot. All these networks lying about the people, the people have had a belly full of it. I know you don't like hearing that. I know you try to do everything in the world to stop that, but you're not going to stop it. It's going to happen.
And where do people like that go to share the big line? Mega media. I wish in my soul, I wish that any of these people had a conscience. Ask yourself, what is my task and what is my purpose? If that answer is to save my country, this country will be saved.
War Room. Here's your host, Stephen K. Babb.
It's Friday, 30 January at Year of Our Lord. 2026, kind of an avalanche of news. We're going to get through all of it with some of the top experts in the country. Obviously, one of the most important picks in President Trump's term will be his chair of the Federal Reserve. Kevin Warsh was the cover bid. We went through this exercise last time, 2017, 2018, when Mnuchin pushed Powell. There was others of us that were very pushing Kevin Warsh. At the time, John Taylor and Kevin Warsh. John Taylor of Stanford, Dave Bratz guy, and Kevin Warsh are the two cover bids. I happen to believe that... Kevin was really in second place and Taylor in third, but there is dispute over that. However, we've come a long way since 2017 and 18.
He's an interesting pick. He's an institutionalist.
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Chapters
4 chapters
1
Who did President Trump select as the new Fed Chair?
0:00–5:49
2
What qualifications does Kevin Warsh have for the Fed Chair position?
5:49–20:40
3
How does Kevin Warsh's monetary policy differ from President Trump's?
20:40–27:39
4
What impact might Warsh's appointment have on the economy?
27:39–54:36
Speakers
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