Trump Nominates Kevin Warsh to Succeed Jerome Powell as Federal Reserve Chair
President Trump nominated Kevin Warsh to lead the Federal Reserve. Markets fell on Friday amid higher producer prices and mixed corporate earnings reports.
洞察:
President donald trump of the 
US has officially nominated former Federal Reserve Governor kevin warsh to succeed jerome powell as the chair of the Federal Reserve. The announcement comes as jerome powell prepares to conclude his term in May. If the United States Senate confirms the 55-year-old kevin warsh, he is expected to advocate for lower interest rates while potentially stopping short of the more aggressive monetary easing favored by some other candidates. kevin warsh has previously argued that the central bank should scale back its institutional role and rethink its current approach to monetary policy.
US has officially nominated former Federal Reserve Governor kevin warsh to succeed jerome powell as the chair of the Federal Reserve. The announcement comes as jerome powell prepares to conclude his term in May. If the United States Senate confirms the 55-year-old kevin warsh, he is expected to advocate for lower interest rates while potentially stopping short of the more aggressive monetary easing favored by some other candidates. kevin warsh has previously argued that the central bank should scale back its institutional role and rethink its current approach to monetary policy.Financial markets in the US reacted immediately to the nomination alongside fresh economic data showing that producer prices increased more than expected in December. Investors generally viewed kevin warsh as a hawkish choice, leading to a recalibration of monetary policy expectations and risk assets. On the day of the report, the Dow Jones Industrial Average dropped 179.09 points, or 0.36%, to close at 48,892.47. The S&P 500 lost 29.98 points, or 0.43%, ending at 6,939.03, while the Nasdaq Composite shed 223.30 points, or 0.94%, to finish at 23,461.82.
US reacted immediately to the nomination alongside fresh economic data showing that producer prices increased more than expected in December. Investors generally viewed kevin warsh as a hawkish choice, leading to a recalibration of monetary policy expectations and risk assets. On the day of the report, the Dow Jones Industrial Average dropped 179.09 points, or 0.36%, to close at 48,892.47. The S&P 500 lost 29.98 points, or 0.43%, ending at 6,939.03, while the Nasdaq Composite shed 223.30 points, or 0.94%, to finish at 23,461.82.
