Fed, Trump and Kevin Warsh
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Experts say Warsh is less dovish than some of the other candidates, and that his past Fed experience could ease confirmation.
If confirmed, Trump’s Fed-chair nominee would face several treacherous balancing acts.
If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.
Kevin Warsh’s long-held desire to slash the Federal Reserve’s balance sheet is likely to clash with Donald Trump’s relentless calls for the central bank to depress long-term borrowing costs, big fund managers have said.
Never mind Kevin Warsh's views on interest rates. There's a different reason he got the nod from President Donald Trump to replace Jerome Powell at the Fed as chair, says a Wall Street economist. "The
Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.