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Kevin Warsh Tapped to Lead Federal Reserve in Major Policy Shift
Kevin Warsh, a former Federal Reserve governor, has been selected by President Donald Trump to serve as the next chair of the U.S. central bank. His appointment signals a potential turning point for the Fed as it navigates debates over inflation, interest rates, and the future direction of monetary policy.
Warsh previously served on the Federal Reserve Board from 2006 to 2011, a period marked by the global financial crisis. His background blends government experience, academic work, and private‑sector involvement, giving him a reputation as someone who understands both financial markets and the inner workings of the Fed.
Trump has praised Warsh as a decisive leader who could bring a fresh approach to the institution. The nomination comes at a moment when the administration has been pushing for more aggressive rate cuts, suggesting that Warsh’s leadership may align with a more growth‑focused monetary stance.
If confirmed by the Senate, Warsh would succeed Jerome Powell when Powell’s term ends, taking over at a time when economic uncertainty and political scrutiny of the Fed are both running high.
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