US EditionTrump officially nominates Kevin Warsh as Fed chair to replace Jerome Powell
Kevin Warsh, nominated by President Trump to replace Jerome Powell, aligns with Trump's push for lower interest rates despite expected opposition from Senate Democrats.
- The White House announced on Wednesday that President Donald Trump officially nominated Kevin Warsh to replace Jerome Powell as Fed chair, following the January 30 announcement.
- Given Powell's Feb. 11 disclosure of a DOJ investigation, the nomination follows pressure from President Trump to lower rates since he took office last year.
- Kevin Warsh, a former Fed board member and private-sector partner, was nominated to a 14-year Board term that started Feb. 1 and holds roles at Duquesne Family Office, Hoover Institution, and Stanford Graduate School of Business.
- The confirmation process hinges on the U.S. Senate, and `Tillis said` he would block Warsh's nomination until the DOJ inquiry into Powell is resolved, citing the importance of Fed independence.
- The pending Supreme Court decision in the Cook case, heard in January, adds to governance uncertainty at the Fed amid the administration's failed attempt to fire her in August and her lawsuit.
35 Articles
35 Articles
Trump sends Fed chair Warsh nomination to Senate | Honolulu Star-Advertiser
President Donald Trump today officially nominated former Federal Reserve Gov. Kevin Warsh to be the U.S. central bank’s next chair, the White House said, putting the president one step closer to installing a rate-cut-friendly Fed chief.
Associated Press News
White House formally nominates Warsh to be Federal Reserve chair
The Trump administration has formally nominated Kevin Warsh, a former top Federal Reserve official, to be next Fed chair when Jerome Powell’s term ends in two months.
This is a first step of Trump which promises to be a rudimentary path towards its long-term objective of installing a Fed commander to reduce interest rates
White House submits Warsh nomination as Fed chair to Senate
President Donald Trump on Wednesday sent the U.S. Senate his nomination of former Federal Reserve governor Kevin Warsh to be the U.S. central bank's next chair, ticking off an early step in what promises to be a contentious path toward his long-held goal of installing a rate-cut friendly Fed chief.
White House submits Kevin Warsh nomination as Fed chair to Senate
President Trump has chosen Kevin Warsh to take the reins at the U.S. central bank, stepping in for Jerome Powell. This indicative nomination underlines Trump's desire for a Fed chair who will prioritize lower interest rates. The Senate Banking Committee is preparing for a critical hearing, with one senator signaling intentions to block nominations in light of scrutiny surrounding Powell.
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