Advanced ➔ Results Possible Trump pick for Fed has a plan to cut interest rates, with a catchPublished: July 8, 2025 at 5:25 a. ETResizeListen(2 min)Former Fed Gov.
Kevin Warsh wants to cut interest rates and the central bank’s balance sheet.
Kevin Warsh, the former Fed governor considered the most ly replacement for Jerome Powell to lead the Fed, on Monday night articulated his vision for policy. “Interest rates should be lower.
The balance sheet should be smaller,” Warsh told Larry Kudlow on Fox.
The Author Steve GoldsteinSteven Goldstein is based in London and responsible for MarketWatch's coverage of financial in Europe, with a particular focus on global macro and commodities.
Previously, he was Washington bureau chief, directing MarketWatch's economic, political and regulatory coverage. Steve on Twitter: @MKTWgoldstein.
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