Canadian Prime Minister Mark Carney has expressed strong support for President Donald Trump’s nomination of Kevin Warsh to succeed Jerome Powell as chairman of the Federal Reserve. Following Trump’s announcement on January 30, 2026, Carney described Warsh as “a fantastic choice to lead the world’s most important central bank at this crucial time.” This endorsement marks a notable alignment between the Canadian leader and Trump, particularly given Carney’s recent diplomatic overtures to China.
In a post on social media platform X, Carney praised Warsh’s qualifications for the role, highlighting the importance of effective leadership for the U.S. central bank. Trump, in his own announcement via Truth Social, confidently stated, “he will go down as one of the GREAT Fed Chairmen, maybe the best.”
Warsh previously served on the Federal Reserve’s Board of Governors from 2006 to 2011 and is currently the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution. He also teaches at the Stanford Graduate School of Business, according to his biography from Georgetown University.
Mark Carney’s Relationship with Kevin Warsh
Carney and Warsh have shared a professional relationship over several years. During Carney’s tenure as governor of the Bank of England from 2013 to 2020, he appointed Warsh to lead a review aimed at improving transparency within the bank. Their collaboration has been well-received, further solidifying Carney’s endorsement of Warsh as a fitting candidate for the Fed position.
Carney’s recent comments regarding a “new world order” during his trip to Beijing have drawn attention. On January 15, 2026, he expressed optimism about the relationship between Canada and China, stating, “We’re heartened by the leadership of [Chinese] President Xi Jinping and the speed with which our relationship has progressed.” This diplomatic engagement, however, led to tensions with Trump, who threatened tariffs on Canada if the nation formalized any agreements with China.
On January 24, Trump referred to Carney as “Governor” in a Truth Social post, implying potential repercussions for Canada should they continue their negotiations with China.
Implications for U.S.-Canada Relations
The endorsement from Carney could influence perceptions of Warsh’s nomination in both the U.S. and Canada. With both leaders navigating complex international relationships, the dynamics between the two countries may shift, especially in light of Trump’s tariff threats.
The Federal Reserve plays a critical role in global economic stability, and the nomination of Warsh is likely to be closely monitored by international markets and policymakers alike. As the situation unfolds, the impact of Warsh’s leadership on U.S. monetary policy will become clearer, emphasizing the significance of Carney’s support during this pivotal moment.
As the landscape of economic leadership evolves, the collaboration between the U.S. and Canadian governments may set the tone for future economic strategies and international relations.
