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Trump names Warsh as Fed chair pick as Senate stalls on funding deal.
MLN -30 JAN 2026: President Donald Trump on Friday announced his choice to succeed Jerome Powell as chair of the Federal Reserve, naming former Fed governor Kevin Warsh, as the U.S. government moved closer to a partial shutdown amid a last-minute snag in Senate negotiations.
“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,” Trump said of Warsh, who served on the Federal Reserve Board from 2006 to 2011 and was a finalist for the chairmanship in 2017 before Powell was selected.
Warsh’s nomination comes as the Senate struggled to finalize a funding agreement ahead of a midnight deadline. Sen. Lindsey Graham, R-S.C., placed a hold on the package late Thursday, forcing leaders to delay a planned vote and reconvene the chamber at 11 a.m. Friday.
The proposed deal includes five full-year appropriations bills and a short-term measure to fund the Department of Homeland Security for two weeks. Graham is objecting to the removal of a provision that allows senators to sue if their phone records were obtained during the investigation led by former special counsel Jack Smith. The provision became controversial after it was included in legislation that ended last year’s 43-day shutdown.
Without Senate action, a partial government shutdown would begin at 12:01 a.m. Saturday.
Trump’s public schedule for Friday includes an executive order signing and a policy meeting, according to the White House.
