Trump picks Kevin Warsh for Fed chair, but key Republican vows to block him over Powell investigation
ABC News
President Donald Trump announced conservative economist and former Fed governor Kevin Warsh as his pick to be the new Federal Reserve chairman.
President Donald Trump announced conservative policymaker and former Fed governor Kevin Warsh as his pick to be the new Federal Reserve chairman.
In a post on Truth Social early Friday morning, Trump said that he has "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."
"He will never let you down," Trump continued.
Warsh previously served on the Fed's board of governors from 2006 to 2011. He was a top adviser to then-Fed chairman Ben Bernanke during the 2008 financial crisis, serving as a liaison between the central bank and Wall Street. During that time, he was an inflation "hawk" -- skeptical of the Fed's ultra-low interest rate policy. But in more recent interviews, Warsh has heaped praise on Trump and called for "regime change" at the Fed, while also supporting lower interest rates.
On Thursday, Trump said that he had "chosen a very good person" while walking the carpet at the Kennedy Center ahead of the premiere of the documentary about first lady Melania Trump.
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