President Donald Trump said Friday he intends to nominate Kevin Warsh as the next chairman of the Federal Reserve, marking a comeback for the former Fed governor who was passed over for the top job in 2017.
“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,” Trump wrote on his Truth Social platform. “On top of everything else, he is ‘central casting,’ and he will never let you down.”
Warsh, 55, served on the Fed’s Board of Governors from 2006 to 2011 and has advised Trump on economic policy. He will succeed Jerome Powell when his term expires in May, pending Senate confirmation.
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