Kevin Warsh

Held the benchmark rate at 3.75%-4% on October 28; gave no clear guidance on how long rates stay high

Indian stocks have rallied for six straight sessions. The Nifty rose 2.4% to 24,536.60 on November 5, and the Sensex gained 2.6% to 79,310.01, as Brent crude fell below $100 a barrel after Democrats swept the US midterm elections.

Updated 17 hours ago

Held rates at 3.75%-4% on Oct. 28 and said the economy is not 'too hot'

The Federal Reserve held its benchmark rate at 3.75% to 4% on Oct. 28, a pause after September's quarter-point increase, the first hike since 2023. Governor Lisa Cook and Cleveland Fed President Beth Hammack dissented, wanting another quarter-point increase.

Updated 3 days ago

Chaired the October 27-28 meeting, where the committee held rates at 3.75% to 4% in a 10-2 vote; investors are watching for signals on December

Wholesale prices jumped 1.3% in September, the biggest monthly gain since March 2022, as gasoline rose 20.3% during the US-Israeli war with Iran. Producer prices were 6.3% higher than a year earlier, the fastest pace since December 2022.

Updated 4 days ago

Presided over the October 28 hold at 3.75%-4.00%; two officials dissented for a hike; says inflation remains too high

The Federal Reserve held its benchmark rate at 3.75% to 4.00% on October 28. Two officials dissented in favor of another quarter-point hike. Chair Kevin Warsh said inflation is still too high, though he called financial conditions tighter rather than tight.

Updated 5 days ago

Chaired the October 27-28 meeting; markets still expect a quarter-point hike in December.

Gold pulled back sharply to $4,902.85 per ounce on January 31, 2026, after profit-taking triggered a 9% single-day decline on January 30 from the record $5,594.82 high reached January 29. Despite the correction—which saw prices slide more than 7% to below $4,980—gold remains on track for a monthly gain exceeding 15%, its strongest performance since the 1980s.

Updated 6 days ago

Chair. Has said inflation is the central bank's top priority and has shared little about his views on rates.

The Federal Reserve held its benchmark rate at 3.75%-4.00% on October 28, voting 10-2. It delayed any change until after the November 3 midterm elections and said it is waiting for more data on inflation. The hold removes the chance of an October hike that traders had priced after the jobs report.

Updated 6 days ago

Chaired the Oct. 28, 2026 FOMC meeting, which held rates at 3.75–4.00%; said he does not see the economy as 'too hot.'

The Federal Reserve cut interest rates by 25 basis points on December 10, 2025, in a deeply divided 9–3 vote—the most dissents in six years, bringing the funds rate to 3.5–3.75%. Minutes released December 30 revealed the decision was 'finely balanced,' with officials split over whether weak hiring or inflation poses the greater risk.

Updated 6 days ago

Held rates at 3.75%-4.00% on October 28 and said the Fed will reduce rate-setting meetings starting in 2027

US economic growth accelerated to a 3.4% annual rate in the third quarter, the Commerce Department said October 29, up from 2.2% in the second. Consumer spending rose 3.8% and business spending on equipment jumped 20.9%, led by computers and other gear for AI data centers.

Updated 6 days ago

Held the benchmark rate at 3.75%-4.00% on October 28 in a 10-2 vote; said inflation is "still too high"

The Federal Reserve held its benchmark rate at 3.75% to 4.00% on October 28, a month after its first increase in three years. Chair Kevin Warsh said inflation is "still too high," with consumer prices up 3.7% in September from a year earlier.

Updated 6 days ago

New Fed chair whose June 2026 debut added rate-path uncertainty

China's reported US Treasury holdings fell to $618 billion in July, the lowest since August 2008. The Treasury Department data, released September 16, showed Beijing trimming 2.4% in a single month.

Updated Oct 19

In office since May 2026; has given no clear signal on rate path

US import prices rose 1.1% in September, the biggest monthly jump since May, pushing the annual gain to 8.1% — the largest since July 2022. Economists had expected a 0.8% increase.

Updated Oct 19

As of October 2026: Leading the Fed's first rate-hike cycle since 2023

The 30-year Treasury yield has climbed above 5.6%, the highest since 2002. On October 1 it hit 5.67%, its highest since April 2002. The 10-year yield is near 5.25%, its highest since 2007.

Updated Oct 5

As of September 2026: Under scrutiny after his July remarks spooked bond markets

Treasury Secretary Scott Bessent's $6 billion bond buyback failed to cool the market again Thursday. The 10-year Treasury yield eased to 4.69%, barely below Wednesday's spike to 4.85%, and a $39 billion auction of 10-year notes cleared at 4.834%, the highest since 2007.

Updated Sep 10

As of August 2026: Leads a committee split three ways ahead of the September decision

The government's July jobs report landed Friday morning, and it walked straight into a fight. The Federal Reserve is split over what to do with interest rates in September, and this data feeds the argument.

Updated Aug 7

As of May 2026: Awaiting Senate confirmation; signaled support for executive-branch influence over international swap line decisions

The United Arab Emirates joined OPEC in 1967, when crude sold for under $2 a barrel. On May 1, 2026, after fifty-nine years, it walks out—taking roughly 13% of OPEC's production capacity, according to the International Energy Agency.

Updated May 31

As of May 2026: Confirmation hearing scheduled April 21; all 11 Senate Banking Democrats demanding postponement; Tillis blockade unresolved; disclosed $131M-$209M in assets including SpaceX and Polymarket stakes

The six largest American banks wrapped up first-quarter 2026 reporting with combined net income of $47.3 billion, with trading floors thriving on Iran war volatility even as the outlook darkened. JPMorgan earned $5.94 per share on $50.54 billion in revenue as fixed-income trading surged 21 percent to $7.08 billion, while Citigroup posted its best quarterly revenue in a decade at $24.63 billion. Bank of America earned $1.11 per share, its highest in nearly two decades. Morgan Stanley posted a record equities trading quarter of $5.15 billion and a 29 percent jump in profit. Goldman Sachs led the week with record equities trading revenue of $5.33 billion. The banks announced roughly 5,000 job cuts, using the profit windfall to trim headcount rather than expand.

Updated May 31

As of May 2026: Nominated; Senate confirmation pending

For the past year and a half, the Federal Reserve has been carefully lowering interest rates, trying to guide the economy toward a soft landing after the post-pandemic inflation surge. On March 6, 2026, two pieces of news arrived simultaneously that may have closed that window. The Bureau of Labor Statistics reported that the United States economy shed 92,000 jobs in February—the worst monthly reading in years. Brent crude oil held above $85 after Iran closed the Strait of Hormuz, choking off roughly a fifth of the world's oil supply. The Dow Jones Industrial Average plunged 785 points as traders priced in what many had feared but few expected to see confirmed in a single morning: the ingredients for stagflation.

Updated May 30

As of May 2026: Awaiting Senate confirmation; term would begin May 2026

Bitcoin has fallen over 50% from its October 2025 peak of $126,000, hitting fresh 15-month lows around $66,000-$67,000 by February 5. The 11% single-day plunge triggered over $1 billion in new liquidations and extended the longest losing streak since 2018's crypto winter.

Updated May 29

As of May 2026: Awaiting Senate confirmation; faces opposition from Senator Thom Tillis

Gold touched $5,600 per ounce on January 29, 2026—its highest price in history. Silver peaked above $121. Three days later, gold had lost 21% and silver had cratered 40%, erasing roughly $15 trillion in market value in one of the most violent precious metals selloffs since 1980.

Updated May 26

As of May 2026: Nominated by Trump on January 30, 2026; awaiting Senate confirmation

No president has fired a sitting Federal Reserve governor in the central bank's 112-year history. Donald Trump is trying to be the first and wants to replace the Fed chair with a loyalist.

Updated May 22

As of May 2026: Nominated by Trump as Fed Chair on January 30, 2026; confirmation threatened by Senate Banking Committee 12-12 deadlock

On January 30, 2026, President Trump nominated former Fed Governor Kevin Warsh to succeed Jerome Powell as Fed Chair when Powell's term expires in May. Gold, which had surged to a record $5,626 per ounce amid the constitutional crisis over Powell's criminal investigation, plunged 11% in hours as investors bet Warsh would preserve central bank independence.

Updated May 20

As of May 2026: Officially nominated by Trump on January 30, 2026; confirmation blocked by Republican Senator Tillis pending resolution of Powell DOJ probe

The Federal Reserve held rates steady at 3.5-3.75% on January 28, 2026, in a 10-2 vote. Governors Stephen Miran and Christopher Waller both dissented for a 25-basis-point cut — the first time two sitting governors have dissented together in decades.

Updated May 18

As of May 2026: Chair as of May 15, 2026; first FOMC meeting June 16-17

The Senate confirmed Kevin Warsh as the 17th Federal Reserve chair on May 13, 54-45—the closest such vote on record. He took over on May 15, when Jerome Powell's term expired and Powell stepped back to a regular governor seat.

Updated May 15