Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank

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Trump told reporters he will make the announcement on Friday morning, and said his pick is someone "a lot of people think...that could’ve been there a few years ago.”

Choice of former Fed governor to succeed Jerome Powell comes amid attack on central bank’s independence

Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the…

I "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.

Trump’s pick follows his attacks on current Fed Chair Jerome Powell, who this week paused cuts to interest rates despite pressure from the president.

The 55-year-old economist had been considered for Fed chair during Trump's first term.

Nomination comes as Trump heaps pressure on Powell to cut interest rates; Warsh to face challenging Senate confirmation.

President Donald Trump announced Friday that he has nominated Kevin Warsh to be the next chair of the Federal Reserve Board, replacing Jerome Powell.

Opinion is divided over whether Warsh will align with the US president's views over how the Federal Reserve should be run.

Trump nominated Kevin Warsh, an ex-Fed governor, for the role as the White House continues to attack Jerome Powell