BiggerPockets Money Podcast · Friday, October 2, 2026
Jay Scott discusses the surprise nomination of Kevin Warsh by Trump, noting Warsh's historically hawkish stance on monetary policy. Scott expresses that Warsh's approach to reacting to the economy aligns with the Fed's charter, which contrasts with expectations of a more dovish nominee.
“I think what was surprising to me, I think to you as well as I would have expected Trump to nominate somebody very dovish, somebody who was going to just lower interest rates and pump the economy. And he didn't. He picked Kevin Warsh, who is not necessarily hawkish, but he's been reacting to the economy the way that the Fed's charter says he should react.”
“Yeah, it's actually funny because when he was nominated, a lot of us looked and said, hey, he has historically, throughout much of his career, been more hawkish, meaning more aggressive on monetary policy than a lot of people that I think Trump was considering.”