economy
January 30, 2026
Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
President Trump named Kevin Warsh to succeed Jerome Powell as Fed chair, ending an odyssey that has seen unprecedented turmoil around the central bank.
TL;DR
- President Trump named Kevin Warsh as his nominee for Federal Reserve chair.
- Trump has frequently criticized Fed Chair Jerome Powell and advocated for lower interest rates.
- Warsh's nomination signifies a potential shift in Fed policy and banking regulations.
- The nomination faces Senate confirmation, with some senators indicating opposition due to ongoing investigations.
- Warsh's appointment comes at a time of economic challenges and political pressure on the Fed.
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