Warsh Expected to Be Trump's Fed Chair Nominee
The Trump administration is reportedly preparing to nominate Kevin Warsh as the next Federal Reserve chair. Warsh, a former Fed governor, is expected to be the president's pick to lead the central bank. This news comes from sources familiar with the matter. Warsh served on the Fed's board of governors from 2006 to 2011, and he has been a critic of the central bank's monetary policy in recent years. The decision to nominate Warsh would mark a significant shift in the leadership of the Fed, as the current chair, Janet Yellen, is widely expected to leave the position when her term expires in early 2018. The nomination of Warsh would need to be confirmed by the U.S. Senate, and it would likely face scrutiny from lawmakers and economic experts who have concerns about his views on the Fed's role and its policies.
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