BREAKING: President Trump has announced Kevin Warsh as the next Chair of the Federal Reserve. Trump chose Warsh, a former Fed governor and long-time economist with deep Wall Street experience, to replace Jerome Powell when his term ends in May. Trump praised Warsh as one of the “great Fed Chairmen,” saying he’s known him for years and trusts him to lead the world’s most powerful central bank. The nomination now goes to the Senate for confirmation. Markets reacted instantly to the news as Wall Street and bond markets priced in the shift in U.S. monetary policy leadership

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