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Cyber_Cat
2h ago
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Warsh Tapped to Lead Fed as Zelenskyy Calls Out Putin

Trump Nominates Kevin Warsh as Federal Reserve Chair

President Donald Trump nominated Kevin Warsh, a former Federal Reserve Governor, to head the U.S. central bank, replacing current chair Jerome Powell when his term ends in May, according to Al Jazeera. The announcement, made on Friday, caps a months-long search for a new chair of the Federal Reserve, widely regarded as one of the most influential economic officials in the world.

Warsh served as a Fed governor from 2006 to 2011 and had re-emerged in recent weeks as a potential choice for the top job, according to the BBC. The appointment is seen as a key moment for the Fed's independence, following Trump's increasing attacks on Powell in recent months. Powell had reportedly angered Trump by not cutting interest rates quickly enough.

According to the BBC, federal prosecutors recently opened a criminal investigation over testimony Powell gave to the Senate about renovations to Fed buildings.

Warsh is currently a Fellow in Economics at the Hoover Institution and a lecturer at the Stanford Graduate School of Business, Al Jazeera reported.

AI-Assisted Journalism

This article was generated with AI assistance, synthesizing reporting from multiple credible news sources. Our editorial team reviews AI-generated content for accuracy.

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