Trump nominated Kevin Warsh, an ex-Fed governor, for the role as the White House continues to attack Jerome Powell
The US Federal Reserve requires “strong, sound and steady leadership”, according to Donald Trump. The president found a man to lead the central bank who would “provide exactly that type of leadership”, he declared.“He’s strong, he’s committed and he’s smart.”
This is not how Trump described Kevin Warsh, the former Fed governor whom he unveiled as his new nominee to chair the central bank on Friday – but how he hailed Jerome Powell, the current Fed chair, when nominating him for the job about eight years ago.
“If he’s confirmed by the Senate, Jay will put his considerable talents and experience to work leading our nation’s independent central bank,” Trump said as the November sun shone down on him in the White House Rose Garden in 2017.
Trump has long stopped praising Powell. After refusing to bow to Trump’s demands for drastic interest rate cuts, he is now “a moron”, “stupid”, and “incompetent”, according to the president. “There’s something wrong with him,” Trump claimed in November. “I’ll be honest, I’d love to fire his ass.”
