Overview
- The White House nomination is official and awaits Senate confirmation.
- Warsh served on the Fed Board from 2006 to 2011, privately opposed quantitative easing, and later criticized the Fed’s balance-sheet expansion in a 2025 IMF speech.
- In recent remarks he has argued that productivity and technology, including AI, will contain price pressures, a shift from his long-standing hard-money stance.
- Commentary in the financial press raises concerns that he could accommodate the president’s preferences, with warnings about fiscal dominance and possible financial-stability risks.
- U.S. employers announced 108,435 job cuts in January, the highest monthly total since 2009, including 22,291 in tech with about 16,000 at Amazon, while AI was cited as the main reason in 7% of cuts and UPS drove large reductions in transport.