Canadian Prime Minister Mark Carney has expressed strong support for President Donald Trump‘s nomination of former Federal Reserve Governor Kevin Warsh to succeed current Fed Chairman Jerome Powell. Trump announced this nomination on January 30, 2026, via a post on Truth Social, stating that Warsh “will go down as one of the GREAT Fed Chairmen, maybe the best.” Carney, a prominent member of Canada’s Liberal Party, praised Warsh’s candidacy, describing him as “a fantastic choice to lead the world’s most important central bank at this crucial time.”
Background on the Nomination
Warsh’s nomination comes as the Federal Reserve faces significant challenges in managing inflation and economic recovery. He served on the Fed’s Board of Governors from 2006 to 2011 and is currently a distinguished fellow at the Hoover Institution and a lecturer at the Stanford Graduate School of Business. His experience is expected to play a pivotal role in guiding U.S. monetary policy in the coming years.
Carney, who previously led the Bank of England from 2013 to 2020, has known Warsh for several years. Notably, during Carney’s tenure at the BoE, he appointed Warsh to lead a review focused on increasing the bank’s transparency in 2014, highlighting a long-standing professional relationship.
Carney’s Recent Comments on Global Relations
Carney’s endorsement comes against the backdrop of his recent remarks regarding Canada’s relationship with China. During a trip to Beijing in mid-January 2026, Carney spoke of a “new world order” and praised Chinese President Xi Jinping for the rapid development of bilateral ties. He indicated that Canada was committed to a “new strategic partnership” with China, focusing on key areas such as energy, agri-food, and trade.
These comments drew attention amidst rising tensions between the U.S. and China. Following Carney’s statements, Trump issued a warning in a Truth Social post on January 24, threatening to impose a 100% tariff on Canada if it proceeded with deals involving China. Trump referred to Carney as “Governor,” emphasizing the geopolitical stakes involved.
As the situation unfolds, Warsh’s leadership at the Federal Reserve could be critical not only for U.S. economic policy but also for international relations, particularly in the context of North American trade dynamics. Warsh has not yet commented publicly on his nomination since the announcement.
As events develop, the relationship between Canada and the U.S., as well as the implications of Warsh’s potential appointment, will be closely monitored by financial markets and policymakers worldwide.
