President Donald Trump’s pick for Federal Reserve chairman shows why our current political system is so out of sorts that it almost seems unfixable.

Trump announced Jan. 30 that he was nominating Kevin Warsh to replace current Fed chairman Jerome Powell, whose term ends in May. Unsurprisingly, Warsh is getting glazed by much of the right like a fresh, hot Dunkin’ donut. But there are a few major red flags from his past that everyone seems to be overlooking (or purposefully ignoring).

Trump hits the bullseye with Kevin Warsh. A self-described “inflation-hawk” who will be the Fed chief who conquered the “Jerome-Powell affordability crisis.” Congrats, Mr. President!

— Stephen Moore (@StephenMoore) January 30, 2026

For example, National Review’s editorial, “Kevin Warsh: Hawk Or Dove?,” omits some crucial pieces of information about Warsh’s time as a Fed governor from 2006-2011. (RELATED: Who Is Kevin Warsh, Trump’s Nominee To Lead The Fed?)

During the 2008/2009 financial crisis, Warsh “was well-equipped to help navigate, as he duly did. The steps taken to calm the crisis — the bailouts and all the rest — will be debated for decades … but the fact remains that, however painfully, we did get to the other side,” the editorial said.

But, the other side of what, exactly? Is our financial system healthier and more robust since the bailout bonanza, or more fragile and susceptible to major crises? No sober-minded person would say it’s healthier, unless they are shill economists or people who make a living by glazing Wall Street and defending the status quo. (RELATED: ‘Repeating Mistakes Of The Past’: Outgoing SEC Commissioner Warns Trump Letting Wall Street Off Hook)

SUN VALLEY, IDAHO – JULY 13: Bom Kim (C), founder and CEO of Coupang, walks with investor Stan........

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