US President Donald Trump has tapped former Federal Reserve governor Kevin Warsh to replace Jerome Powell as the institution’s chair. Warsh has signaled that he is willing to slash interest rates, a move long advocated for by Trump.
Trump revealed his choice in a Truth Social post on Friday morning, ending a months-long search for a successor to Powell. Warsh, an academic, Wall Street veteran, and former member of the Fed’s governing board, will take over from Powell in May, if confirmed by the US Senate.
“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,”…
Read the full article at RT.COM
