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Carney Backs Warsh for Fed Chair
Canadian Prime Minister Mark Carney supports the selection of Kevin Warsh as the next chair of the Federal Reserve.
Jan. 30, 2026 at 8:39pm
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Canadian Prime Minister Mark Carney has expressed his support for the nomination of Kevin Warsh as the next chair of the Federal Reserve. Carney praised Warsh as a "fantastic choice" to lead the world's most important central bank during this crucial time. Warsh, a former Fed governor, has become a prominent critic of the central bank and would take over at a moment when President Trump has repeatedly pressed the Fed to cut interest rates faster.
Why it matters
Carney's endorsement of Warsh for the Fed chair position carries significant weight, given Carney's own experience leading central banks in Canada and the UK. The selection of Warsh, a critic of the Fed, also signals a potential shift in the central bank's policy direction under the Trump administration.
The details
Carney previously led the Bank of Canada from 2008 to 2013, which overlapped with Warsh's first tenure as a Fed governor. Carney later led the Bank of England from 2013 to 2020. Trump has repeatedly pressed the Fed to cut interest rates faster, drawing criticism from the central bank. Warsh, if confirmed, would take over the Fed at a time of heightened tensions between the White House and the central bank.
- Carney led the Bank of Canada from 2008 to 2013.
- Carney led the Bank of England from 2013 to 2020.
- Warsh served as a Fed governor during Carney's tenure at the Bank of Canada.
The players
Mark Carney
The Canadian Prime Minister who has expressed support for Kevin Warsh's nomination as the next chair of the Federal Reserve.
Kevin Warsh
A former Federal Reserve governor who has become a prominent critic of the central bank and is President Trump's nominee to be the next chair of the Federal Reserve.
Donald Trump
The President of the United States who has nominated Kevin Warsh to be the next chair of the Federal Reserve.
What they’re saying
“Kevin Warsh is a fantastic choice to lead the world's most important central bank at this crucial time.”
— Mark Carney, Canadian Prime Minister
“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," Trump wrote on Truth Social, calling Warsh "one of the GREAT Fed Chairmen, maybe the best.”
— Donald Trump, President of the United States
What’s next
The Senate will need to confirm Warsh's nomination as the next chair of the Federal Reserve.
The takeaway
Carney's endorsement of Warsh for the Fed chair position signals a potential shift in the central bank's policy direction under the Trump administration, as Warsh has been a prominent critic of the Fed. This nomination comes at a time of heightened tensions between the White House and the central bank over interest rate policy.
