Kevin Warsh and Jane Lauder met while studying at Stanford University and married in 2002. The couple has two children.

Rate hikes now loom as a possibility for Warsh's Fed, a sharp turn from the rate-cut environment that defined Trump's search for a new chair

The Senate confirmed Warsh last week in a largely party-line vote. A former top Fed official, Warsh will become chair at an unusually difficult time for the independent agency.