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

According to informed sources, US President-elect Trump has proposed appointing financier Kevin Warsh as his Treasury Secretary, but it is expected that when Jerome Powell's term as Federal Reserve Chairman ends in 2026, Warsh may be nominated to lead the Federal Reserve. People familiar with the matter said that Trump is still weighing how to handle the vacancy of the Federal Reserve Chairman position, and may not make a final decision until Powell's term ends in May 2026. Some sources said that Trump is considering appointing investor Scott Bessent to lead the National Economic Council, and if Warsh becomes Federal Reserve Chairman, Bessent may be nominated as Treasury Secretary later in his term.