From Quartz.
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President Donald Trump nominated Federal Reserve Governor Kevin Warsh to be the next Fed chair, a move watched for its implications for U.S. monetary policy.
If confirmed, Warsh would replace Jerome Powell in May and join a Federal Open Market Committee split over how quickly to cut interest rates. Markets are assessing whether his recent support for lower rates would persist if inflation resurfaces.
Warsh served on the Fed Board of Governors from 2006 to 2011, worked with Ben Bernanke on crisis measures, and helped broker the Bear Stearns sale. He later criticized Fed policy in a Wall Street Journal op-ed, writing that “inflation is a choice,” and holds a role at Stanford’s Hoover Institution. The nomination coincides with discussion of central bank independence. #kevinwarsh #federalreserve #monetarypolicy #trumpnominee #interestrates
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