President Trump nominates Kevin Warsh as Fed chair

Trump’s Fed Chair Pick

President Trump has nominated Kevin Warsh to chair the Federal Reserve, emphasizing his experience and understanding of economic policies. Warsh previously served as a Fed governor and is expected to bring a fresh perspective to monetary policy.

Kevin Hassett’s Insights

NEC Director Kevin Hassett appeared on ‘Squawk on the Street’ to discuss the implications of Warsh’s nomination. He highlighted the potential for Warsh to influence interest rates and economic growth positively, aligning with the administration’s broader economic themes.

Market Reactions

Markets reacted cautiously to the announcement, reflecting uncertainty regarding Warsh’s approach to inflation and interest rates. Analysts are closely monitoring how this nomination will affect market stability and investor confidence moving forward.