Economist Jens Südekum, who teaches economics at the University of Düsseldorf, expressed skepticism regarding Kevin Warsh’s ability to succeed Jerome Powell as the head of the US Federal Reserve. Südekum noted that in the past, Powell successfully maintained the Fed’s independence despite persistent challenges and criticisms from Donald Trump, thereby keeping the central bank’s credibility high-a stability he argued was crucial not just for the dollar, but for the global economy.
Addressing the transition, Südekum stated that Warsh still needs to prove that he can fill the massive footsteps left by Powell. The German economist concluded on a cautionary
