US EditionTrump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell
Kevin Warsh, a former Fed governor, is nominated by President Trump to succeed Jerome Powell, aligning with Trump's push for lower interest rates and Fed reforms.
- On Friday, global financial markets moved after reports pointed to Kevin Warsh as U.S. President Donald Trump's likely Fed nominee, with the dollar and bond yields jumping while stocks steadied.
- In recent months, President Donald Trump has sought to shape Fed policy through appointments, with Kevin Warsh, a former Fed governor, publicly arguing for lower borrowing costs, despite his reputation as hawkish.
- On prediction markets, odds surged to 94 per cent from 35 per cent, and S&P 500 futures fell 0.3% while Bitcoin hit two-month lows.
- Traders scaled back expectations for policy easing, repricing the Fed outlook as Fed funds futures place an 84.6 per cent probability on a hold, and Tim Waterer said markets may need to rein in expectations if Warsh is nominated.
- Amid lingering confirmation questions, officials warn the process may be prolonged, as Jerome Powell, Federal Reserve chair, term ends in May and U.S. Senate stand-offs over independence and subpoenas create uncertainty.
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624 Articles
The Markets Are Getting Used to Trump
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here. Trying to parse market reactions to world events can feel a bit like armchair psychology. Lately, investors seem to be holding something back—amid a barrage of potentially seismic decisions from the White House, markets have barely budged. In moments …
With the Republicans, unexpected resistance to Kevin Warsh's nomination as the new head of the US Federal Reserve is emerging.
Donald Trump names his pick to be Federal Reserve chairman
Donald Trump has chosen former Federal Reserve Governor Kevin Warsh to become the next chairman of the US central bank, confirming the long‑anticipated decision on his Truth Social platform.Mr Warsh will replace Jerome Powell when his term ends in May, ending months of speculation over the future leadership of the world’s most influential monetary authority.The President praised his nominee in typically emphatic terms, saying Mr Warsh “will go d…
Inside Climate News
ecotopical.comTrump’s Pick to Lead the Federal Reserve Could Steer Bank Away From Climate Change
Kevin Warsh has criticized central banks’ forays into climate change. Some activists and Democrats say the Fed hasn’t done enough.By Nicholas KusnetzThe fight over control of the Federal Reserve has revolved around interest rates and inflation, but President Donald Trump’s choice to be the bank’s next chair could sway how the agency assesses climate risks, too.
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