President Donald Trump reportedly met with former Federal Reserve Governor Kevin Warsh on Friday to discuss his potential nomination as the next chair of the central bank.
The meeting, which was first reported by the Wall Street Journal, was also attended by Treasury Secretary Steven Mnuchin.
Warsh served as a Fed governor from 2006 to 2011 and currently serves as the distinguished visiting fellow in economics at Stanford University's Hoover Institution.
The meeting comes as Trump is in the process of reviewing candidates to serve as Fed chief, with current Chair Janet Yellen's current term set to expire in February.
Reports suggest Trump has not ruled out nominating Yellen for another term, while Stanford economist John Taylor and former BB&T Corp. CEO John Allison have also been cited as potential candidates.
Warsh is seen as more hawkish than Yellen and has been a vocal critic of the Fed's monetary stimulus policies since the financial crisis.
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Business News
May 15, 2026 15:25 ET Apart from the confirmation of Kevin Warsh as the next Fed chair, the main news on the economics front this week included key price data from the U.S. and the first quarter economic growth figures from major economies. Both consumer prices and producer costs have started to reflect the effect of supply shocks due to the Middle East conflict. In Europe, GDP data was in focus, while inflation data from China dominated the news flow in Asia.