America's next top Fed Chair

Kevin Warsh has been tapped as the next chair of the Federal Reserve. We’re sure that he’ll have a lot of questions about how to run the Fed if confirmed. So we put together this briefing.<br /><br />On today’s show, three Fed watchers give their advice for the next chair. On politics, interest rate cuts and dealing with the Fed’s repeated trading scandals. Oh, and can someone please forward this episode to Kevin Warsh?<br /><br /><strong>Related episodes: </strong><br /><a href="https://www.npr.org/2026/01/13/nx-s1-5675867/one-fed-battle-after-another" target="_blank">One Fed battle after another</a><br /><a href="https://www.npr.org/2025/08/29/nx-s1-5522330/lisa-cook-trump-lawsuit-federal-reserve-independence" target="_blank">Lisa Cook and the fight for the Fed</a><br /><a href="https://www.npr.org/2025/04/23/1246593555/federal-reserve-independence" target="_blank">A primer on the Federal Reserve's independence</a><br /><a href="https://www.npr.org/2025/05/08/1249919772/jerome-powell-fed-reserve-job-security" target="_blank">It's hard out there for a Fed chair</a><br /><br /><em>For sponsor-free episodes of The Indicator from Planet Money, subscribe to Planet Money+ via Apple Podcasts or at </em><a href="http://plus.npr.org/" target="_blank"><em>plus.npr.org</em></a><em>.</em> <em>Fact-checking by </em><a href="https://www.npr.org/people/1268825622/sierra-juarez" target="_blank"><em>Sierra Juarez</em></a><em>. Music by </em><a href="https://dropelectric.bandcamp.com/" target="_blank"><em>Drop Electric</em></a><em>. Find us: </em><a href="https://www.tiktok.com/@planetmoney" target="_blank"><em>TikTok</em></a>, <a href="https://www.instagram.com/planetmoney/" target="_blank"><em>Instagram</em></a>, <a href="https://www.facebook.com/planetmoney" target="_blank"><em>Facebook</em></a>, <a href="https://www.npr.org/newsletter/money" target="_blank"><em>Newsletter</em></a><em>.</em><br /><br />See <a href="https://pcm.adswizz.com">pcm.adswizz.com</a> for information about our collection and use of personal data for sponsorship and to manage your podcast sponsorship preferences.<br /><br /><a href="https://www.npr.org/about-npr/179878450/privacy-policy">NPR Privacy Policy</a>