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 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.
If confirmed, Trump’s Fed-chair nominee would face several treacherous balancing acts.
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.
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.
By Andrea Shalal WASHINGTON, Jan 30 (Reuters) - Kevin Warsh, President Donald Trump's pick to head the Federal Reserve, has earned over $1 million since 2020 as a member of the board of e-commerce company Coupang,
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
Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs.