{"id":4946,"date":"2026-07-19T10:40:05","date_gmt":"2026-07-19T10:40:05","guid":{"rendered":"https:\/\/durhammovinghub.com\/?p=4946"},"modified":"2026-07-19T10:40:05","modified_gmt":"2026-07-19T10:40:05","slug":"warren-buffet-backs-kevin-warshs-leadership-as-new-fed-chair","status":"publish","type":"post","link":"https:\/\/durhammovinghub.com\/?p=4946","title":{"rendered":"Warren Buffet backs Kevin Warsh's leadership as new Fed Chair"},"content":{"rendered":"

Warren Buffet sums up new Federal Reserve<\/a> Chairman Kevin Warsh<\/a> in two words: <\/p>\n

“Good choice.”<\/strong><\/p>\n

But wait. There’s more.<\/p>\n

First, a very short history lesson.<\/p>\n

President Donald Trump nominated Warsh in January to replace Jerome Powell<\/a> as the head of the world’s largest central bank. <\/p>\n

Read more Hannah Waddingham Opens Up About ‘Mom Guilt’ in Rare Comments About Daughter<\/a><\/p>\n

Warsh, a former Fed governor and Stanford University scholar with strong ties to Wall Street<\/a>, took over the role in May after a somewhat turbulent Senate confirmation process that focused in part on the Fed’s independence<\/strong> from political interference by the Trump White House.<\/p>\n

“I will tell you what I’ve said to the president repeatedly and said to the Treasury Secretary: They chose an independent guy<\/strong> to do the job and that’s exactly what I plan on doing,” Warsh told the Senate Banking Committee July 15 while delivering the semi-annual Monetary Policy Report<\/a> to Congress.<\/p>\n

Earlier that same day, Berkshire Hathaway’s legendary investment guru told CNBC<\/a> that he approved of Warsh’s performance during his first seven weeks at the helm of the Fed and beyond.<\/p>\n

“He cares about the country,”<\/strong> Buffett said. “I think that’s been true of a good many. It doesn’t mean their decisions are always great, but because sometimes the decisions are so tough.”<\/p>\n

As I’ve reported<\/a>, Warsh has launched a host of strategies to overhaul the central bank’s processes on monetary policy<\/a> and bank regulation. <\/p>\n

A longtime champion of Fed reform<\/strong>, Warsh has consistently referred to these tactics as a “regime change.” He plans to establish five task forces of former central bankers, academics, and industry experts to develop a new framework that features upgrades based on artificial intelligence and other data-driven economic models.<\/strong><\/p>\n

Financial markets await the outcome with some anxiety. <\/p>\n

Not the Oracle from Omaha, though. He’s cool.<\/p>\n

“I think he will do the best <\/strong>he can at achieving the job he was assigned to do, which is 2% inflation<\/a> and maintaining maximum employment,” Buffett said.<\/p>\n

Tom Williams \/ Getty Images<\/a><\/p>\n

President Trump was outraged when Powell refused to bend to his repeated demands to slash interest rates dramatically<\/strong> to 1% or less, in an attempt to lower borrowing costs on everything from the credit cards in your wallet to the $39.42 trillion national debt. <\/p>\n

He repeatedly attacked Powell professionally and personally – calling him “a moron” – and vowed he would only nominate a replacement Fed Chairman who followed his lead on monetary policy. Trump has since walked back those comments and left Warsh alone – for now.<\/p>\n

Buffet expressed confidence<\/strong> in Warsh’s leadership through the current global crisis as well as the rest of his term as chairman.<\/p>\n

“He can’t be perfect at it, and just like I know I couldn’t be perfect at taking people’s money and earning super returns on it<\/strong>,” Buffet said.<\/p>\n

Warsh’s nomination in January came at a time when Main Street and Wall Street were expecting the Fed to slash benchmark interest rates<\/strong> by as much as three times this year due to the resilient economy and a stabilizing labor market. <\/p>\n

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Then the U.S.-Iran war erupted in February, sending oil prices soaring across the globe and hitting affordability-weary Americans at the gas pump and in their electric bills.<\/p>\n

Economists, traders, and other Fed watchers began spinning and resetting forecasts and bets that the huge and unexpected rise in prices would require the central bank to hike short-term borrowing costs to quell rising price pressure across the global supply chain<\/a>.<\/strong><\/p>\n

The Fed’s dual mandate from Congress requires maximum employment and stable prices.<\/p>\n

Lower interest rates <\/strong>support hiring but can fuel inflation.<\/p>\n

Related: Cooler inflation delivers big win for Fed interest-rate bets<\/a><\/strong><\/p>\n

This risks fueling further inflation, potentially leading to an inflationary spiral.<\/p>\n

Higher rates cool prices<\/strong> but can weaken the job market. This increases the cost of borrowing and further stifles economic activity.<\/p>\n

The rate-setting Federal Open Market Committee voted unanimously<\/a> last month to hold its benchmark Federal Funds Rate target in a range of 3.5% to 3.75%. <\/strong><\/p>\n

But the minutes of the June FOMC meeting showed some hawkish<\/a> policymakers concerned about increasing inflation risk and the short-term impact on interest rates.<\/p>\n

A change in the funds rate triggers moves in short-term borrowing costs ranging from credit cards to auto loans and influences longer-term rates such as mortgages.<\/strong><\/p>\n

Consumer<\/a> and wholesale prices<\/a> dropped in June, reflecting a dip in oil prices that surged from the energy shock of the Iran war. Note: Those headlines emerged amid a dramatic military escalation by both the United States and Iran that revived oil and inflation jitters. <\/p>\n

Following Warsh’s two days on Capitol Hill and the June inflation reports, futures traders reset bets to nearly 90% that the FOMC would hold rates steady again<\/strong> at its July 28-29 meeting.<\/p>\n

September is a coin toss, with the CME Group FedWatch Tool<\/a> also penciling in a 51% chance of a rate hike then, as well as a more than 70% probability of a rate increase by the end of the year.<\/strong><\/p>\n

Related: Fed’s Warsh faces tough interest-rate smackdown in Congress<\/a><\/strong><\/p>\n

The Arena Media Brands, LLC THESTREET is a registered trademark of TheStreet, Inc.<\/i><\/p>\n

Read more NASCAR is expected to up its on-track practice time. Drivers have mixed reviews<\/a><\/p>\n

This story was originally published July 19, 2026 at 6:03 AM.<\/span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

Warren Buffet sums up new Federal Reserve Chairman Kevin Warsh in two words: "Good choice."<\/p>\n","protected":false},"author":1,"featured_media":4944,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-4946","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-read-todays-edition"],"yoast_head":"\nWarren Buffet backs Kevin Warsh's leadership as new Fed Chair - Durham Moving Hub<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/durhammovinghub.com\/?p=4946\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Warren Buffet backs Kevin Warsh's leadership as new Fed Chair - Durham Moving Hub\" \/>\n<meta property=\"og:description\" content=\"Warren Buffet sums up new Federal Reserve Chairman Kevin Warsh in two words: "Good choice."\" \/>\n<meta property=\"og:url\" content=\"https:\/\/durhammovinghub.com\/?p=4946\" \/>\n<meta property=\"og:site_name\" content=\"Durham Moving Hub\" \/>\n<meta property=\"article:published_time\" content=\"2026-07-19T10:40:05+00:00\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=4946#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=4946\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/#\\\/schema\\\/person\\\/bf1f081e7f06a3ab66052e5f6015fd85\"},\"headline\":\"Warren Buffet backs Kevin Warsh's leadership as new Fed Chair\",\"datePublished\":\"2026-07-19T10:40:05+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=4946\"},\"wordCount\":917,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=4946#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/durhammovinghub.com\\\/wp-content\\\/uploads\\\/2026\\\/07\\\/013253cabaeaa59fb4b230a923707878.jpg\",\"articleSection\":[\"Read today's Edition\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/durhammovinghub.com\\\/?p=4946#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=4946\",\"url\":\"https:\\\/\\\/durhammovinghub.com\\\/?p=4946\",\"name\":\"Warren Buffet backs Kevin Warsh's leadership as new Fed Chair - 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