It’s far from clear that lowering short-term borrowing costs would trigger a hiring boom that would boost the president’s approval rating.

Trump's choice for Fed chair could have far-reaching consequences for almost all consumer borrowing costs and savings rates.

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

It’s far from clear that lowering short-term borrowing costs would trigger a hiring boom that would boost the president’s approval rating.