Trump Administration Prepares to Back Warsh for Fed Chair

The Trump administration is considering nominating Kevin Warsh as the next Federal Reserve chair, according to sources familiar with the matter. Warsh, a former Fed governor, is seen as a potential replacement for the current chair, Janet Yellen, whose term is set to expire in February 2018. The decision to nominate Warsh is still being finalized, and the president has not yet made a final decision. Warsh, who served on the Fed's board from 2006 to 2011, is known for his hawkish monetary policy views and has been critical of the central bank's post-crisis policies. His nomination would mark a significant shift in the Fed's leadership and could signal a more aggressive approach to monetary policy under the Trump administration. The news of Warsh's potential nomination comes as the Trump administration continues to reshape key economic policymaking positions, including at the Treasury Department and the Office of the U.S. Trade Representative.