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Trump’s bond purchases spotlight Fed chair Kevin Warsh’s role
In March 2025, disclosures show 175 financial transactions and at least $51 million in bonds, as Warsh took over the Fed chair role in May from Jerome Powell.
Moneywise and Yahoo Finance point to President Donald Trump’s ongoing bond purchases since returning to the White House in 2025, noting that in March alone he made 175 financial transactions and bought at least $51 million in corporate and municipal bonds, according to Office of Government Ethics disclosures.
The report says the filings describe a large batch of purchases with potential value above $337 million, though the disclosures use broad ranges rather than exact totals. It also describes Trump’s March holdings as spanning municipal bonds issued by states, counties, school districts and other public entities, plus a range of corporate bonds tied to companies including Nvidia, Broadcom, Meta, Microsoft, Boeing, Constellation Energy, and Occidental Petroleum, along with U.S. Treasuries.
HousingWire reports that the White House has said the investments are managed by independent third-party financial institutions, but the activity has drawn concerns about potential conflicts of interest. The piece also ties investor attention to fixed income because it says the Federal Reserve and the Treasury are playing a larger role in shaping the bond market.
The article highlights that Trump’s pick for Fed chair, Kevin Warsh, took over from Jerome Powell in May. It cites Warsh’s statement during Senate questioning that Trump never asked him to commit to any particular interest rate decision, underscoring how leadership at the central bank could influence bond market direction.