Trump nominated Kevin Warsh for the position of Fed Chair
Trump expressed confidence that Warsh will become "one of the GREAT Fed Chairs," possibly even the best. He emphasized that Warsh is the "ideal candidate" and will not let his supporters down. Now Warsh's nomination must be approved by the Senate. If the decision is positive, he will take the place of Jerome Powell, whose term expires in May 2026. Trump has repeatedly criticized Powell for his reluctance to lower the key interest rate.