How the Federal Reserve might change under Kevin Warsh

在凯文·沃什领导下,美联储可能会发生哪些变化?

Behind the Money

2026-02-04

20 分钟
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US President Donald Trump on Friday made his pick to lead the Federal Reserve: Kevin Warsh. The former central bank governor with ties to Wall Street is seen as a mainstream pick. Still, some economists say if Warsh is confirmed, he will trigger a sweeping rethink of the Fed’s role at the centre of the world’s biggest economy. The FT’s US economics editor Claire Jones explains who Warsh is, what he wants to do at the Fed, and how it might go. Clips from Fox Business, Group of Thirty  The FT does not use generative AI to voice its podcasts. - - - - - - - - - - - - - - - - - - - - - - - - - -  For further reading: Kevin Warsh’s nomination as Fed chair to spark rethink of bank’s role Kevin Warsh, the Fed chair nominee shaped by the 2008 financial crisis How Kevin Warsh won the race to become Donald Trump’s new Federal Reserve chair - - - - - - - - - - - - - - - - - - - - - - - - - -  Follow Claire Jones on X (@senoj_erialc). Michela Tindera is on X (@mtindera07) and Bluesky (@mtindera.ft.com), or follow her on LinkedIn for updates about the show and more.  Read a transcript of this episode on FT.com Hosted on Acast. See acast.com/privacy for more information.
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  • Late last week, U.S.

  • President Donald Trump announced his pick for the next chair of the Federal Reserve.

  • That person is Kevin Warsh.

  • Warsh throughout his career has straddled both Wall Street and policy circles,

  • and at one time was a member of the Fed Board of Governors.

  • But he's also challenged the way the central bank is being run under current chair Jerome Powell,

  • whose term ends in May.

  • Warsh may have risen to prominence as a Fed governor,

  • but since he left the US central bank, he's emerged as a major critic.

  • Now that he's about to succeed Powell in the top role,

  • we have quite a lot of questions about how he intends to do the job differently.

  • If Warsh is confirmed by the Senate,

  • what'll that mean for the future of the Fed and US monetary policy?

  • the FT's U.S.

  • economics editor, Claire Jones, has been following this selection process closely.

  • I'm going to talk with her about all of that on today's show.

  • I'm Michaela Tenderra, and this is Behind the Money.

  • Hi, Claire.

  • Welcome to the show.

  • Hi, Michaela.