Why President Trump tapped Kevin Warsh as his nominee for Fed chair

• President Trump hypothetically taps former Fed Governor Kevin Warsh to lead the Federal Reserve in 2026.
• Warsh's resume includes M&A at Morgan Stanley (1995), Harvard Law (1995), Stanford Public Policy (1992), and serving as a Fed governor from 2006-2011.
• Warsh is historically a hawk but has recently taken a dovish stance, suggesting interest rates could be lower due to a productivity surge driven by AI.
• Senator Thom Tillis hypothetically opposes Warsh's confirmation amid a DOJ criminal investigation into current Fed Chair Jerome Powell's committee testimony.
• Market implications include initial drops in US futures (Dow, S&P, Nasdaq) and wild swings in precious metals (gold and silver plunging), while Treasury yields see slight increases.
• Experts discuss Warsh's potential impact on the Fed's balance sheet, financial deregulation, and the long-term viability of the dollar.

The video discusses a hypothetical scenario where former President Trump nominates Kevin Warsh as the next Fed Chair in 2026. Experts analyze Warsh's background, past policy stances (historically hawkish, recently dovish due to AI/productivity), and the potential market implications. Concerns are raised about a DOJ probe into current Fed Chair Jerome Powell, which could complicate Warsh's confirmation, and the impact of his views on interest rates, the Fed's balance sheet, and financial deregulation.