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The Wall Street Journal

Trump Considers Warsh Serving as Treasury Secretary—and Then Fed Chair

President-elect floated the idea during a Wednesday meeting with the former Fed governor

Kevin Warsh has in the past been a skeptic of protectionist trade policies.
Kevin Warsh has in the past been a skeptic of protectionist trade policies. Photo: Samuel Corum/Bloomberg

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, according to people familiar with the matter.

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

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