Lots More With Skanda Amarnath on the Risks of Kevin Warsh
Odd Lots
Bloomberg
4.5 • 2K Ratings
🗓️ 30 January 2026
⏱️ 29 minutes
🧾️ Download transcript
Summary
Trump has announced that former Fed Governor Kevin Warsh is going to be his nominee to succeed Jerome Powell. The responses to the news are split among some interesting lines. People like Neil Dutta have been highly critical, while at the same time, the pick has earned praise from Jason Furman, who was the Chair of President Obama's Council of Economic Advisers. So who is Kevin Warsh? And why is this pick particularly controversial? On this episode, we talk with Skanda Amarnath, Executive Director of Employ America, who walks us through Warsh's history of commenting on and executing monetary policy. He argues that in addition to having gotten some big calls wrong (particularly in the years surrounding the GFC), Warsh has a history of aligning his policy views with partisan consideration. We also talk about the challenges Warsh will have establishing credibility within the FOMC, as well as challenges that may arise the next time the Fed has to step in during a period of crisis.
Read more:
Fed’s Musalem Says It Would Be ‘Unadvisable’ to Lower Rates
Carney, Macklem Congratulate Warsh on Federal Reserve Nomination
Only Bloomberg subscribers can get the Odd Lots newsletter in their inbox each week, plus unlimited access to the site and app. Subscribe at bloomberg.com/subscriptions/oddlots
Subscribe to the Odd Lots Newsletter
Join the conversation: discord.gg/oddlots
See omnystudio.com/listener for privacy information.
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Markets move fast. Get the insights you need in 10 minutes with Barclays Brief, a podcast from |
| 0:05.6 | Barclays Investment Bank. Each week, our experts analyze market themes, helping you anticipate |
| 0:10.7 | what's next. Listen to Barclay's Brief wherever you get your podcasts. Donald Trump is |
| 0:17.0 | rewriting the Washington rule book and reshaping the global economy. |
| 0:22.0 | If you're trying to connect the dots behind the headlines, Bloomberg's Trumponomics podcast |
| 0:26.4 | is here to help. I'm Stephanie Flanders, head of government and economics at Bloomberg. |
| 0:31.5 | Every week, I'll bring you a smart, focused conversation with reporters and experts from |
| 0:36.8 | Washington, Wall Street and beyond. |
| 0:39.5 | Listen to new episodes every Wednesday and follow Trumponomics wherever you listen. |
| 0:48.0 | Bloomberg Audio Studios, Podcasts, Radio News. |
| 0:53.3 | Oh, Joe. |
| 0:55.2 | This is cutting. |
| 0:58.2 | This is from Neil Duda, friend of the pod. |
| 0:58.6 | Oh, yeah. |
| 0:58.9 | All right. |
| 0:59.3 | Read it out. |
| 0:59.9 | Read it out. |
| 1:06.5 | President Trump has picked everyone's least favorite candidate, Kevin Warsh, for the next Fed Reserve chief. I tip my hat to Warsh, who has managed to get selected after being passed over time and again. |
| 1:12.3 | That's a remarkable achievement for him. |
| 1:17.1 | Joe, I want a T-shirt that says ruthless utility maximizer. |
| 1:21.2 | Black gold. |
| 1:22.2 | Let's talk about losers. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Bloomberg, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Bloomberg and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.