U.S. President Donald Trump said he intends to nominate Kevin Warsh to be the next chair of the Federal Reserve.
¡°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,¡± Trump wrote on his Truth Social platform. ¡°On top of everything else, he is ¡®central casting,¡¯ and he will never let you down.¡±
Warsh, who served on the U.S. central bank¡¯s Board of Governors from 2006 to 2011 and has previously advised Trump on economic policy, would succeed Jerome Powell when his term at the helm ends in May. It marks a comeback for Warsh, 55, whom the president passed over for the top job in 2017 when he selected Powell.
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