"President Donald Trump on Friday nominated former Federal Reserve governor Kevin Warsh to lead the US central bank after Jerome Powell's term ends in May. "I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is 'central casting,' and he will never let you down," Trump wrote on his Truth Social platform."
"If confirmed by the US Senate, Warsh will replace current Federal Reserve Chairman Jerome Powell, whom Trump has repeatedly criticized for his decisions regarding interest rates. This is a breaking news story. Please refresh for updates."
President Donald Trump nominated former Federal Reserve governor Kevin Warsh to serve as chair of the US central bank after Jerome Powell's term ends in May. The nomination requires US Senate confirmation before Warsh can assume the chairmanship. Trump praised Warsh as 'one of the GREAT Fed Chairmen, maybe the best,' described him as 'central casting,' and said he 'will never let you down.' The nomination follows repeated Trump criticism of Powell's decisions on interest rates and signals a potential change in Federal Reserve leadership pending the Senate's decision.
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