Kevin Warsh Is Trump's Pick to Lead the Fed

Kevin Warsh Is Trump's Pick to Lead the Fed By Michael Maloney Kevin Warsh, a Federal Reserve insider-turned-critic, is President Trump's choice to lead the central bank. If confirmed by the Senate, Warsh would succeed Jerome Powell, who has been the target of sustained attacks from the president for not slashing interest rates. Powell's term as chair expires in mid-May. Top News Trump Goes With Warsh President Trump said Friday he would nominate Kevin Warsh to be the next chairman of the Federal Reserve, choosing a former Fed official who has aligned himself with the president's criticism of the central bank. "I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is 'central casting,' and he will never let you down," Trump said in a post on his social-media account. Commentary A Weaker Dollar Has Always Been Part of Trump's Plan President Trump's disclosure Tuesday that he was pleased with a weaker dollar should in theory not matter. His preferences are well-known and words shouldn't move markets unless backed by action, writes WSJ's Greg Ip . In this case, though,...

Source: https://www.morningstar.com/news/dow-jones/202601304527/kevin-warsh-is-trumps-pick-to-lead-the-fed