Donald Trump has nominated Kevin Warsh as Federal Reserve chair, backing a well-known policymaker to run the US central bank at a time when it is facing one of the most severe tests of its independence.
In a post on his Truth Social platform on Friday, the US president wrote: “I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM.”
He added: “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is ‘central casting,’ and he will never let you down. Congratulations Kevin!”
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