TRUMP'S PICK: Kevin Warsh sends SHOCKWAVES through the Fed

分组1 - President Trump has nominated former Fed Governor Kevin Worsh to lead the Federal Reserve, aiming to transform the central bank [1][2][5] - Worsh is recognized for his hawkish stance during his previous tenure, particularly advocating for rate hikes in response to the 2008 housing crisis [2][4] - The business community, including leaders from UPS and Chevron, has expressed strong support for Worsh's nomination, highlighting his qualifications and experience [5][16] 分组2 - Market analysts believe that Worsh's appointment will be positively received, viewing him as a pragmatist rather than a strict hawk [6][11] - Worsh's past actions indicate a willingness to adapt monetary policy based on current economic conditions, which is seen as beneficial for market stability [8][28] - There is speculation that Worsh may move away from forward guidance and quantitative easing strategies, which could allow for more nimble responses to economic changes [17][19][30] 分组3 - The Federal Reserve's balance sheet has expanded significantly from approximately $800 billion pre-financial crisis to around $9 trillion, raising concerns about future reductions [23][24] - Worsh's potential approach to managing the balance sheet and interest rates is anticipated to influence market dynamics, particularly in the context of national debt and economic growth [24][32] - Analysts suggest that financial deregulation may play a crucial role in allowing banks to manage their balance sheets more effectively, which could impact the Fed's strategies moving forward [30][31]