CoinVoice has learned that, according to Jin Shi reports, insiders have revealed that President-elect Trump has proposed selecting financier Kevin Warsh to be his Treasury Secretary, but there is an understanding that when Jerome Powell's term as Federal Reserve chair ends in 2026, Warsh may be nominated to lead the Federal Reserve.
Some insiders say that Trump discussed potential arrangements with Warsh at his private club Mar-a-Lago in Florida on Wednesday. Warsh is a top candidate to lead the Treasury Department, but as of Thursday evening, Trump has not yet decided who to choose for this key cabinet position. Those familiar with the situation say that Trump is still weighing how to handle the vacancy for the Federal Reserve chair position and may wait until Powell's term ends in May 2026 to make a final decision.
Some of these individuals say that Trump is considering appointing investor Scott Bessent to lead the National Economic Council, and if Warsh becomes Federal Reserve chair, Bessent would be nominated for Treasury Secretary later in his term. [Original link]
