Trump nominates Warsh: Triggers 'repricing' effect, market volatility to significantly amplify

Preface: The Clash of Old and New Systems and Market Repricing

On January 30, 2026, Donald Trump officially nominated Kevin Warsh as the next Federal Reserve Chair. This nomination is not just a personnel change but also symbolizes a major challenge to the monetary policy framework that the Fed has relied on for over a decade. The shift from being "Data Dependent" to "Forward-looking," from rigid "Inflation Targeting" to "Flexibility," and from "Unlimited Balance Sheet Expansion" to "Active Reduction" marks a dramatic "Warsh Repricing" in the markets. Investors must recognize that Warsh's policy mix—"short-term rate cuts, long-term balance sheet reduction, deregulation, and reduced transparency"—will fundamentally alter asset price formation mechanisms and significantly amplify market volatility. This article will provide an in-depth analysis of this transformation based on the latest nomination progress, Warsh's core policy proposals, and six key market consensus perspectives.