Who is Kevin Warsh, Trump's pick for Fed chair?
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Kevin Warsh has been nominated by Donald Trump to be the new head of the Federal Reserve. Warsh, who previously served as a Fed governor from 2006 to 2011, is seen as a potential replacement for the current chair, Jerome Powell, who has faced criticism from Trump for not cutting interest rates quickly enough. Trump praised Warsh, a 55-year-old economist and fellow at the Hoover Institution, while also noting Warsh's support for lower interest rates. Warsh has been an outspoken critic of the Fed and has close ties to Trump's circle through his marriage to Jane Lauder and his father-in-law, Ronald Lauder. The nomination requires Senate approval, which could face delays due to Republican Senator Thom Tillis' opposition until the legal case against Powell is resolved.
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