Trump Nominates Kevin Warsh to Lead Federal Reserve Following Jerome Powell

#WashingtonDC, #USA
Donald Trump announced the nomination of former central bank governor Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve after his term ends in May.The selection triggered immediate friction as Thom Tillis threatened to block confirmations pending a DOJ investigation into Jerome Powell while Elizabeth Warren warned against eroding institutional independence.Financial markets shifted following the news with gold prices falling nearly 5 percent to $5,120 per ounce and treasury yields rising to 4.265 percent.
Published:5h |Updated:13m
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#DonaldTrump#FederalReserve#KevinWarsh#DOJ#JeromePowell#USA#ThomTillis#ElizabethWarren#JaneLauder#GeorgeWBush#KevinHassett#ChristopherWaller#RickRieder
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