WHITE HOUSE SUBMITS WARSH NOMINATION AS FED CHAIR TO SENATE
- NEWS Desk Global
- 1 hour ago
- 1 min read
President Donald Trump on Wednesday sent the U.S. Senate his nomination of former Federal Reserve governor Kevin Warsh to be the U.S. central bank's next chair, ticking off an early step in what promises to be a contentious path toward his long-held goal of installing a rate-cut friendly Fed chief.
Warsh, who would take over from Jerome Powell after his leadership term ends May 15, would serve a four-year-term that began February 1, according to a notice on the White House website. That's the seat currently occupied by Fed Governor Stephen Miran, another rate-cut advocate whom Trump nominated in September.
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