Trump Names Kevin Warsh as Federal Reserve Chair Pick as Prediction Markets Shift and Crypto Community Watches

Nomination Confirms Speculation After Overnight Betting Surge

TL;DR

• Donald Trump announced Kevin Warsh as his nominee for Federal Reserve chair on January 30, 2026, after prediction markets moved sharply in his favor.
• Warsh previously served as a Federal Reserve governor from 2006 to 2011 and is known as a monetary policy hawk with relatively crypto-friendly views.
• Trump highlighted Warsh’s current roles at the Hoover Institution, Stanford Graduate School of Business, and Duquesne Family Office alongside Stanley Druckenmiller.

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President Donald Trump announced on January 30, 2026, that he is nominating Kevin Warsh to serve as chairman of the Board of Governors of the Federal Reserve System, confirming speculation that intensified overnight as prediction market odds swung decisively in Warsh’s favor. The announcement was made publicly after traders and political observers noted a rapid repricing of expectations during late trading hours, indicating that Warsh had emerged as the clear front-runner before formal confirmation was issued.

Trump disclosed the decision in a post on Truth Social, writing, “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.” In the same post, Trump cited Warsh’s previous experience as a Federal Reserve governor, his current work as a fellow at the Hoover Institution, his role as a lecturer at Stanford Graduate School of Business, and his position as a partner at Duquesne Family Office, where he works alongside investor Stanley Druckenmiller.

Trump added a personal endorsement of the nominee, stating, “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best.” The president also described Warsh as “central casting,” and said he would “never let you down,” according to the same post announcing the nomination.

Warsh previously served on the Federal Reserve’s Board of Governors from 2006 to 2011, a period that included the global financial crisis and the early expansion of emergency monetary policy tools. During that time, he developed a reputation as a policy hawk, frequently voicing concern about inflation risks and the long-term consequences of prolonged accommodative monetary policy.

The nomination has drawn attention within the digital asset sector due to Warsh’s history of expressing comparatively open views toward financial innovation, including cryptocurrencies, relative to other past or potential Fed leaders. While he has not been identified as an advocate for digital assets, Warsh has previously argued that innovation should not be constrained by regulatory uncertainty, a stance that has earned him a reputation as more crypto-friendly than many of his peers.

Market participants reacted quickly to the confirmation, noting that Warsh’s hawkish credentials could influence expectations around interest rate policy and liquidity conditions. His nomination still requires Senate confirmation, a process that is expected to include hearings examining his views on inflation, financial stability, banking oversight, and the Federal Reserve’s approach to emerging financial technologies.

This article has been refined and enhanced by ChatGPT.