Trump Says He 'Made A Mistake' Passing Over Kevin Warsh For Fed Chair In 2017: 'Really Big Mistake'

Benzinga

Feb 10

President Donald Trump acknowledged on Monday that his 2017 decision to pass over Kevin Warsh for Federal Reserve Chair was a “really big mistake,” attributing the move to pressure from his former ...

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTrump Says He 'Made A Mistake' Passing Over Kevin Warsh For Fed Chair In 2017: 'Really Big Mistake'\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-02-10 15:42 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/markets/economic-data/26/02/50501396/trump-says-he-made-a-mistake-passing-over-kevin-warsh-for-fed-chair-in-2017-really-big-mistake><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>President Donald Trump acknowledged on Monday that his 2017 decision to pass over Kevin Warsh for Federal Reserve Chair was a “really big mistake,” attributing the move to pressure from his former ...</p>\n\n<a href=\"https://www.benzinga.com/markets/economic-data/26/02/50501396/trump-says-he-made-a-mistake-passing-over-kevin-warsh-for-fed-chair-in-2017-really-big-mistake\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.benzinga.com/markets/economic-data/26/02/50501396/trump-says-he-made-a-mistake-passing-over-kevin-warsh-for-fed-chair-in-2017-really-big-mistake","article_id":"2610614912","we_media_id":null,"thumbnails":["https://cdn.benzinga.com/files/images/story/2026/02/10/Washington--Dc---April-27--2018-Presiden.jpeg?optimize=medium&dpr=2&auto=webp&width=260"],"rights":{"source":"benzinga_hot_news","url":"https://www.benzinga.com/markets/economic-data/26/02/50501396/trump-says-he-made-a-mistake-passing-over-kevin-warsh-for-fed-chair-in-2017-really-big-mistake","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2610614912","pubTimestamp":1770709320,"columns":[],"sourceInfo":{"source_id":"benzinga_hot_news","name":"Benzinga"},"weMediaInfo":null,"summary":"Trump admits passing over Kevin Warsh for Fed Chair in 2017 was a \"big mistake\" caused by staff pressure. Why he's picking him now in 2026.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","BIL":"债券指数ETF-SPDR Barclays美国1-3月国债","TMF":"3倍做多20年期以上国债ETF-Direxion","BK4588":"碎股"},"translate_title":"特朗普表示，他在2017年放弃凯文·沃什担任美联储主席“犯了一个错误”：“非常大的错误”","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TMF":1.5,"BIL":1.5},"content_text":"President Donald Trump acknowledged on Monday that his 2017 decision to pass over Kevin Warsh for Federal Reserve Chair was a “really big mistake,” attributing the move to pressure from his former Treasury Secretary.\nSpeaking to Fox Business, the President reflected on the 2017 selection process that ultimately saw Jerome Powell lead the central bank. Trump revealed that Warsh had been the “runner-up” in his mind, but that he had allowed himself to be swayed by then-Treasury Secretary Steven Mnuchin.\n“I made a mistake because I had somebody who was my Secretary of the Treasury, wanted him so badly,” Trump said, adding, “I did not feel good about him [Powell], but sometimes you listen to people. It was a mistake, a really big mistake.”\nThe President's candid admission comes just days after he officially nominated Warsh to succeed Powell when the latter's term expires in May 2026.\nTrump expressed high confidence in his new pick, describing Warsh as a “high-quality person” capable of driving U.S. economic growth to a staggering 15%.\nThe nomination of Warsh, a former Fed governor (2006–2011), has already jolted global markets. While traditionally viewed as an inflation hawk, Warsh has recently aligned with Trump's pro-growth agenda.\nMacro experts suggest Warsh could deliver as many as five rate cuts, a sharp departure from the Fed's current “reactionary” data-dependent model.\nWarsh has publicly criticized current bank regulations as “archaic” and called for a “reformed American regulatory regime” to streamline capital disbursement.\nThe transition at the Fed is unfolding amidst a bitter legal and political battle. Trump reiterated his attacks on outgoing Chair Jerome Powell over a $2.5 billion renovation of the Federal Reserve headquarters, labeling it the “most expensive construction job ever built” per square foot.\n“They’re either corrupt… or grossly incompetent,” Trump stated, claiming he could have completed the project for $25 million.\nAs of Monday’s close, the Dow Jones index rose 3.62% year-to-date, whereas the S&P 500 was 1.55% higher. However, the Nasdaq Composite index was just 0.01% higher in 2026.\nMeanwhile, the U.S. futures were trading lower on early Tuesday following a positive close on Monday.\nDisclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.\nPhoto courtesy: Evan El-Amin on Shutterstock.com\nTo add Benzinga News as your preferred source on Google, click here.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}