"President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer to the White House. Warsh would replace current chair Jerome Powell when his term expires in May. Trump chose Powell to lead the Fed in 2017 but this year has relentlessly assailed him for not cutting interest rates quickly enough."
"The appointment, which requires Senate confirmation, amounts to a return trip for Warsh, 55, who was a member of the Fed's board from 2006 to 2011. He was the youngest governor in history when he was appointed at age 35. He is currently a fellow at the right-leaning Hoover Institution and a lecturer at the Stanford Graduate School of Business."
President Donald Trump will nominate Kevin Warsh as chair of the Federal Reserve, replacing Jerome Powell when his term expires in May. The nomination requires Senate confirmation. Warsh served on the Fed board from 2006 to 2011 and was the youngest governor in history when appointed at age 35. He is a Hoover Institution fellow and a lecturer at the Stanford Graduate School of Business. Warsh historically favored higher interest rates and objected to low-rate policy after the 2008–09 recession, though more recently he has publicly supported lower rates. The selection followed other considered candidates including Kevin Hassett and Rick Rieder.
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