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.

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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

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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

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How the Federal Reserve might change under Kevin Warsh