FEBRUARY 2026 – Economics writers Nick Timiraos and Brian Schwartz dished up an insider-y description of Kevin Warsh’s quest to be Trump’s nominee for Fed Chair. And in it Warsh comes across as a shrewd political operator who leveled criticism of the US Central Bank at the right times. But overall the takeway was that Warsh appears likely to maintain some distance from Trump in the years ahead. Thus the report was a reassuring assessment – appearing to have calmed skittish markets about the future independence of US central bank policy. And we learned of another reason Trump picked Warsh: Warsh’s wife is the granddaughter of Estee Lauder.
https://www.wsj.com/politics/policy/how-warsh-won-fed-job-ff9d02bc