CNBC Daily Open: Gold and silver tank amid Trump picking Kevin Warsh as Fed chair
CNBC·2026-02-02 07:32
Kevin Warsh, former governor of the US Federal Reserve, during the International Monetary Fund (IMF) and World Bank Spring meetings at the IMF headquarters in Washington, DC, U.S., on Friday, April 25, 2025.Markets got what they wanted.U.S. President Donald Trump tapped Kevin Warsh to lead the Federal Reserve, and investors exhaled. Markets were reassured by Warsh's experience in the central bank — he served between 2006 and 2011, a period marked by the Global Financial Crisis — and the perception that he w ...