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📰 Kevin Warsh will be the new president of the Federal Reserve
The President of the United States, Donald Trump, announced that he intends to nominate Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell when his term ends in May 2026.
Who is Kevin Warsh:
• Warsh is 55 years old and was a member of the Board of Governors of the Federal Reserve from 2006 to 2011.
• He also served as an economic advisor and has strong connections with Wall Street and economic policy circles in Washington.
• Currently, he is a professor and researcher in economics and finance.
Economic policy profile:
Warsh was already seen as a policymaker traditionally more concerned with inflation and conventional monetary policy, but he has recently expressed support for moderate interest rate cuts — something aligned with Trump’s calls for interest rate cuts.
Confirmation process:
His nomination now needs to pass through the American Senate to be officially confirmed as Fed chair.
