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Kevin Warsh’s Nomination Solidifies Wall Street’s Grip on the Federal Reserve

Summary by promarket.org
If confirmed, Kevin Warsh would be the latest Federal Reserve chair whose career took place primarily on Wall Street rather than in academia. The ascent of Wall Street veterans in the Fed risks skewing monetary policy to favor large investors and the wealthiest, writes Franny Philos Sophia.

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Kevin Warsh has been nominated by Donald Trump as the next president of the Federal Reserve (Fed). The current helmman of the world's largest central bank, Jerome Powell, will leave his post in mid-May—although he could continue as governor—and it will then be when his successor—as long as the Senate's stumbling block passes—take over US monetary policy leadership.

·Spain
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A majority of major investors expect the appointment of Kevin Warsh at the head of the Federal Reserve to further weaken the dollar, in a sign that concerns about the independence of the U.S. central bank persist. Almost 60% of fund managers claimed that the nomination of Warsh by Donald Trump as president of the Fed would harm the U.S. currency, according to a very frequent survey of fund managers by Bank of America. Only a quarter argued that …

·Argentina
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Crypto Briefing broke the news in on Monday, February 16, 2026.
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