Mr Warsh replaces Mr Jerome Powell, who has said he will remain on the Federal Reserve board. Read more at straitstimes.com. Read more at straitstimes.com.

Never before has a chair of the US Federal Reserve been so controversial. Who is Kevin Warsh? Can he preserve the Fed's independence, or will he become Donald Trump's puppet?

Never before has a chair of the US Federal Reserve been so controversial. Who is Kevin Warsh? Can he preserve the Fed's independence, or will he become Donald Trump's puppet?

Warsh is replacing Jerome Powell as head of the central bank after the Senate confirmed the Trump appointee in a 54-45 vote last week.