Trump May Appoint Warsh as Treasury Secretary, Eyeing Fed Chair Role Envisioning Future Leadership

President-elect Donald Trump is contemplating appointing Kevin Warsh, a former Federal Reserve governor, as Treasury secretary, with the possibility of Warsh succeeding Jerome Powell as Federal Reserve chair when Powell's term ends in 2026, as reported by the Wall Street Journal.

Potential Treasury Secretary and Fed Chair

According to sources familiar with Trump's considerations, the speculation arises from the fact that Treasury is the last significant Cabinet position yet to be addressed by the President-elect.

Finalists for Treasury Secretary

Various reports indicate that Kevin Warsh is among the finalists for the Treasury secretary position, along with Apollo Global Management CEO Marc Rowan and hedge fund manager Scott Bessent.

One potential scenario involves Scott Bessent initially leading the National Economic Council, then transitioning to Treasury after Warsh assumes the role at the Fed. However, it's noted that Trump is known for changing his mind, and no final decisions have been made.

The Wall Street Journal reported that nothing is finalized, leaving the speculations surrounding Trump's Cabinet appointments open to further developments.