Donald Trump picks Federal Reserve nominee as reports of Kevin Warsh meeting move global markets

President Donald Trump has selected a new Federal Reserve leader as reports of a meeting with Kevin Warsh triggered a risk-off move across global financial markets.

Insights:
The President of the USUS, donald trump, has announced that he has decided who he will nominate to lead the Federal Reserve. This development comes as kevin warsh saw his standing rise at the top of prediction markets following a meeting with donald trump at the White House. Reuters reported that kevin warsh visited the White House for this meeting on Thursday, citing sources familiar with the matter, while Bloomberg reported that the administration in the USUS was preparing to nominate him as the next chair of the Federal Reserve.
FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo
FILE PHOTO: The exterior of the Marriner S. Eccles Federal Reserve Board building is seen in Washington, D.C., U.S., June 14, 2022. REUTERS/Sarah Silbiger/File Photo
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