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President Donald Trump Nominates Kevin Warsh to Lead Federal Reserve

President Donald Trump has nominated former insider Kevin Warsh to lead the Federal Reserve. The move triggers a difficult confirmation process in the Senate.

President donald trump chose kevin warsh on Friday to head the central bank when the term of Chair jerome powell ends in May. The nomination of kevin warsh, who is described as a former Federal Reserve insider, signals a potential shift in the leadership of the USUS financial system. Despite the planned change in the chairmanship, the tenure of jerome powell as one of the seven Fed governors is expected to continue through 2028. donald trump has publicly stated that he thinks kevin warsh could pick up votes from some Democrats in the Senate during the confirmation process.
FILE PHOTO: Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, reacts during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan Mcdermid/File Photo
FILE PHOTO: Kevin Warsh, Fellow in Economics at the Hoover Institution and lecturer at the Stanford Graduate School of Business, reacts during the Sohn Investment Conference in New York City, U.S., May 8, 2017. REUTERS/Brendan Mcdermid/File Photo
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