BREAKING: Trump nominates Kevin Warsh to succeed Jerome Powell as Fed chair

Group 1 - President Trump has announced Kevin Worsh as the new chairman of the Federal Reserve, as confirmed through a post on Truth Social [1][2] - Jerome Powell's term as chairman is set to expire in May, prompting the need for a new appointment [2] - Other finalists for the role included Kevin Hasset, Christopher Waller, and Rick Reer, but Worsh has been selected [4] Group 2 - The announcement of the new chairman is expected to be made publicly, with details on the White House schedule pending [3] - The appointment of the new chairman will require confirmation [5]