Kevin Warsh’s desire to shrink Fed’s balance sheet sets up clash with Trump, say investors
Long-term yields ticked up after president nominated former governor to lead US central bank
Long-term yields ticked up after president nominated former governor to lead US central bank

Trump’s pick will take the reins of the world’s top central bank during one of the most consequential periods in its history

Nominee to head US central bank grilled by senators over president’s public calls for cuts

Donald Trump’s pick has called for a sweeping overhaul

Donald Trump’s pick for Fed chair believes boom will grow the economy and allow for swift rate cuts by the US central bank

US Senate widely expected to confirm the 56-year-old financier to replace Jay Powell this week

Trump’s choice of chair will shift from Powell’s data-dependent approach to policy