The two Kevins: Why Trump may have picked Warsh for Fed chairman over Hassett

After months of speculation, Kevin Warsh was nominated to be the next Federal Reserve chairman over National Economic Council Director Kevin Hassett — here is what gave Warsh the edge.

On Friday morning, Trump revealed he had nominated Warsh, a former Fed governor, to replace outgoing Fed Chairman Jerome Powell. The pick comes at a time when Fed independence has been under the microscope, and his choice is a welcome one for some who were worried Hassett would act as a yes-man.

WHO IS KEVIN WARSH, TRUMP’S PICK TO BE THE NEXT FEDERAL RESERVE CHAIRMAN?

Warsh, 55, will need to be confirmed by the Senate, and some key Republican senators have expressed major concerns about the investigation into Powell and what it means for Fed independence, so Trump choosing