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Trump Selects Kevin Warsh as Candidate for Federal Reserve Chair

KVIA••CNN Newsource
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President Donald Trump has nominated Kevin Warsh to succeed Jerome Powell as the 17th president of the Federal Reserve, with Powell's term ending in May. Warsh, a former Fed governor and a Harvard Law graduate, has shifted his stance on monetary policy, now advocating for lower interest rates despite a past focus on inflation concerns. This nomination is crucial as it comes amid Trump's commitment to reducing living costs, and the Senate Banking Committee will hold a public hearing to review Warsh's nomination. However, the process may face delays due to an ongoing criminal investigation involving Powell, which could complicate Warsh's confirmation.

Key Details: • Nomination of Kevin Warsh announced by Trump on Truth Social. • Senate Banking Committee will conduct a public hearing on Warsh's nomination. • Jerome Powell's term ends in May; Warsh's confirmation may be delayed by Powell's investigation.

economy trump federal-reserve jerome-powell kevin-warsh

People & Organizations

Donald TrumpFederal ReserveJerome PowellKevin WarshRonald LauderHoover Institution

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