What Trump’s Fed Chair Nominee Kevin Warsh Could Mean for Your Wallet

After months of battling Federal Reserve chairman Jerome Powell over the central bank’s interest rate policy, President Donald Trump has revealed his pick to replace Powell: Kevin Warsh, a former Fed governor, White House advisor and Wall Street banker. The announcement was made in a Truth Social post early Friday, Jan. 30, with Trump proclaiming that Warsh will “go down as one of the GREAT Fed Chairmen, maybe the best.” Warsh will first need to be confirmed by the U.S. Senate to become Fed chair. That’ ...