From Quartz.
🎥 Video Details 🎥
🌟 About This Video 🌟
President Donald Trump nominated former Federal Reserve Governor Kevin Warsh on Friday to be the next Fed chair, a move with implications for monetary policy.
The Kevin Warsh nomination to Federal Reserve chair would replace Jerome Powell when his term ends in May. Warsh has aligned with Trump on lower interest rates and has criticized the Fed’s record on inflation.
If confirmed, he would preside over a divided 12-member Federal Open Market Committee debating the pace of rate cuts. Warsh’s background includes Morgan Stanley, service in the Bush administration, and work during the 2008 crisis, including the Bear Stearns sale.
Confirmation faces hurdles in the Senate, as Senator Thom Tillis has vowed to block Fed nominees pending a DOJ probe into Powell. #fedchair #kevinwarsh #trumpnominee #federalreserve #inflation
🤖 Crafted with Rizzle AI 🤖
This video was created using Rizzle AI, the ingenious no-edit video creation platform, with industry-leading assets from GettyImages. Elevate your video content with Rizzle AI: https://app.rizzle.com/create
đź”” If you enjoyed this video, don’t forget to like, share, and subscribe! đź””
