Washington Examiner columnist Tiana Lowe Doescher said that Federal Reserve Chairman Jerome Powell is “very happy” about Kevin Warsh’s nomination because it gives him a “permission structure” to leave.
President Donald Trump announced Friday morning that he is nominating Warsh, a former Federal Reserve governor, to serve as the next chairman of the central bank’s Board of Governors. Warsh would replace Powell when Powell’s term is up in May.
“Someone very happy today about the Warsh nomination is Powell because it sort of creates a permission structure for him to finally leave,” Doescher said on Newsmax’s First Edition. “Powell doesn’t want to be stuck at the Fed in a non-chair capacity until 2028 just to stick it to Trump.”
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“Warsh is a good institutional guy. He
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