5 things to know about Kevin Warsh

President Donald Trump nominated former Federal Reserve Governor Kevin Warsh on Friday morning to be the next Federal Reserve chair, indicating a possible shift the direction of U.S. monetary policy. If confirmed by the Senate, Warsh, 55, will replace Fed Chair Jerome Powell once his term is up in May, and oversee a 12-member Federal Open Market Committee that has been divided about the pace of interest rate cuts. Warsh has aligned with Trump in urging lower interest rates and criticizing the Fed. "I h ...