IBM Vice Chair Gary Cohn Supports Trump’s Federal Reserve Nominee Kevin Warsh
Rep. Jodey Arrington, R-Texas, explains how Fed Chair pick Kevin Warsh will ‘restore integrity’ in the Federal Reserve on ‘The Bottom Line.’
IBM Vice Chair Gary Cohn recently discussed President Donald Trump’s nominee for the Federal Reserve, Kevin Warsh. Cohn emphasized that Warsh is uniquely qualified to revamp the central bank, citing his significant involvement during the 2008 financial crisis and his commitment to reinstating traditional monetary and regulatory practices.
During an appearance on CBS’ “Face the Nation,” Cohn elaborated on Warsh’s qualifications when host Margaret Brennan inquired about Trump’s selection for the Fed leadership. Cohn, who collaborated closely with Warsh at Goldman Sachs during the financial crisis, noted that Warsh possesses a deep understanding of market dynamics under pressure. He expressed confidence that Warsh would work to reverse unconventional policies, including the current large balance sheet, while refocusing the Fed on its primary economic objectives.
“I think we’re very fortunate to have Kevin as the nominee,” Cohn stated. “Kevin has a unique background coming in as the chair.”
WHO IS KEVIN WARSH, TRUMP’S PICK TO SUCCEED JEROME POWELL AS FED CHAIR?
Kevin Warsh, former governor of the U.S. Federal Reserve, speaks during the American Economic Association (AEA) annual conference in Chicago, on Jan. 6, 2017. (Daniel Acker/Bloomberg via Getty Images / Getty Images)
Cohn highlighted Warsh’s pivotal role during the 2008 financial crisis, describing him as “instrumental” during that tumultuous time. “When banks were under stress, and we witnessed numerous bank mergers and asset relocations, Kevin was the point person at the Fed,” Cohn explained. “He was involved in every one of those discussions.”
“Without Kevin’s expertise, we would not have navigated the 2008 crisis as effectively as we did,” he added, affirming Warsh’s high qualifications for the role.
TRUMP NOMINATES KEVIN WARSH TO SUCCEED JEROME POWELL AS FEDERAL RESERVE CHAIR
Kevin Warsh walks to lunch during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Wednesday, July 9, 2025. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
Cohn expressed optimism that Warsh would guide the Federal Reserve back to its traditional focus, prioritizing monetary policy over non-financial matters. “There’s a pressure right now for interest rates to go lower. I think that he will probably follow through on the one to two cuts this year,” Cohn noted. He added that Warsh believes the Fed should not maintain a large balance sheet, indicating a potential shift in policy direction.
Cohn characterized Warsh as a traditionalist who advocates for robust regulation that fosters market growth while ensuring consumer access to capital.
FROM MORTGAGES TO CAR LOANS: HOW AFFORDABILITY RISES AND FALLS WITH THE FED
President Donald Trump gestures as he speaks during the Asia-Pacific Economic Cooperation CEO Summit at the Gyeongju Arts Center in Gyeongju on Oct. 29, 2025. (Anthony Wallace/AFP/Getty Images / Getty Images)
“I think he is actually the right choice in this period of time,” Cohn remarked.
Trump officially announced Warsh’s nomination on Friday, concluding months of speculation regarding his choice for the Fed leadership. In his announcement, Trump expressed confidence in Warsh’s capabilities, stating that he has known him for years and believes he will be one of the most successful Fed chairmen in history.
TRUMP VS THE FEDERAL RESERVE: HOW THE CLASH REACHED UNCHARTED TERRITORY
Before assuming the role, Warsh must secure Senate confirmation, a crucial step for one of the most influential positions in U.S. economic policy.
Prior to his tenure at the Federal Reserve, Warsh gained experience in the private sector at Morgan Stanley and served in President George W. Bush’s administration. He was nominated to the Fed’s Board of Governors in 2006, becoming the youngest Fed governor in history at just 35 years old.
Since leaving the Fed in 2011, Warsh has taken on various academic and advisory roles, including serving as a Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and as a visiting scholar at Stanford University’s Graduate School of Business. He also holds positions on the board of UPS and as a trustee for several prominent economic policy organizations.
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Warsh has been a familiar figure in previous Trump administration discussions, having been considered to replace Janet Yellen as Fed chair in 2017, when Trump ultimately chose Jerome Powell. He was also under consideration for the treasury secretary position last fall before Trump selected hedge fund manager Scott Bessent.
FOX Business’ Eric Revell contributed to this report.
Rep. Jodey Arrington, R-Texas, explains how Fed Chair pick Kevin Warsh will ‘restore integrity’ in the Federal Reserve on ‘The Bottom Line.’
IBM Vice Chair Gary Cohn recently discussed President Donald Trump’s nominee for the Federal Reserve, Kevin Warsh. Cohn emphasized that Warsh is uniquely qualified to revamp the central bank, citing his significant involvement during the 2008 financial crisis and his commitment to reinstating traditional monetary and regulatory practices.
During an appearance on CBS’ “Face the Nation,” Cohn elaborated on Warsh’s qualifications when host Margaret Brennan inquired about Trump’s selection for the Fed leadership. Cohn, who collaborated closely with Warsh at Goldman Sachs during the financial crisis, noted that Warsh possesses a deep understanding of market dynamics under pressure. He expressed confidence that Warsh would work to reverse unconventional policies, including the current large balance sheet, while refocusing the Fed on its primary economic objectives.
“I think we’re very fortunate to have Kevin as the nominee,” Cohn stated. “Kevin has a unique background coming in as the chair.”
WHO IS KEVIN WARSH, TRUMP’S PICK TO SUCCEED JEROME POWELL AS FED CHAIR?
Kevin Warsh, former governor of the U.S. Federal Reserve, speaks during the American Economic Association (AEA) annual conference in Chicago, on Jan. 6, 2017. (Daniel Acker/Bloomberg via Getty Images / Getty Images)
Cohn highlighted Warsh’s pivotal role during the 2008 financial crisis, describing him as “instrumental” during that tumultuous time. “When banks were under stress, and we witnessed numerous bank mergers and asset relocations, Kevin was the point person at the Fed,” Cohn explained. “He was involved in every one of those discussions.”
“Without Kevin’s expertise, we would not have navigated the 2008 crisis as effectively as we did,” he added, affirming Warsh’s high qualifications for the role.
TRUMP NOMINATES KEVIN WARSH TO SUCCEED JEROME POWELL AS FEDERAL RESERVE CHAIR
Kevin Warsh walks to lunch during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Wednesday, July 9, 2025. (David Paul Morris/Bloomberg via Getty Images / Getty Images)
Cohn expressed optimism that Warsh would guide the Federal Reserve back to its traditional focus, prioritizing monetary policy over non-financial matters. “There’s a pressure right now for interest rates to go lower. I think that he will probably follow through on the one to two cuts this year,” Cohn noted. He added that Warsh believes the Fed should not maintain a large balance sheet, indicating a potential shift in policy direction.
Cohn characterized Warsh as a traditionalist who advocates for robust regulation that fosters market growth while ensuring consumer access to capital.
FROM MORTGAGES TO CAR LOANS: HOW AFFORDABILITY RISES AND FALLS WITH THE FED
President Donald Trump gestures as he speaks during the Asia-Pacific Economic Cooperation CEO Summit at the Gyeongju Arts Center in Gyeongju on Oct. 29, 2025. (Anthony Wallace/AFP/Getty Images / Getty Images)
“I think he is actually the right choice in this period of time,” Cohn remarked.
Trump officially announced Warsh’s nomination on Friday, concluding months of speculation regarding his choice for the Fed leadership. In his announcement, Trump expressed confidence in Warsh’s capabilities, stating that he has known him for years and believes he will be one of the most successful Fed chairmen in history.
TRUMP VS THE FEDERAL RESERVE: HOW THE CLASH REACHED UNCHARTED TERRITORY
Before assuming the role, Warsh must secure Senate confirmation, a crucial step for one of the most influential positions in U.S. economic policy.
Prior to his tenure at the Federal Reserve, Warsh gained experience in the private sector at Morgan Stanley and served in President George W. Bush’s administration. He was nominated to the Fed’s Board of Governors in 2006, becoming the youngest Fed governor in history at just 35 years old.
Since leaving the Fed in 2011, Warsh has taken on various academic and advisory roles, including serving as a Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and as a visiting scholar at Stanford University’s Graduate School of Business. He also holds positions on the board of UPS and as a trustee for several prominent economic policy organizations.
CLICK HERE TO GET FOX BUSINESS ON THE GO
Warsh has been a familiar figure in previous Trump administration discussions, having been considered to replace Janet Yellen as Fed chair in 2017, when Trump ultimately chose Jerome Powell. He was also under consideration for the treasury secretary position last fall before Trump selected hedge fund manager Scott Bessent.
FOX Business’ Eric Revell contributed to this report.
