Summary
President Donald Trump announced that he will nominate Kevin Warsh, a former Federal Reserve official, to be the next chair of the Federal Reserve. Warsh will replace current chair Jerome Powell when Powell's term ends in May.
Key Facts
- President Trump plans to nominate Kevin Warsh as the next Federal Reserve chair.
- Jerome Powell currently holds the position but will leave in May when his term ends.
- Trump appointed Powell as Fed chair in 2017.
- Trump has criticized Powell for not reducing interest rates quickly.
- Trump shared his decision on the Truth Social platform.
- Trump described Warsh as someone who fits the role well and is reliable.
