Trump nominates Kevin Warsh for Federal Reserve chair

[tsptalk]

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank.

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” said Trump in a Truth Social post announcing the selection.

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Trump on Friday named Kevin Warsh to succeed Jerome Powell as Fed chair, ending an odyssey that has seen unprecedented turmoil around the central bank.

www.cnbc.com

 

[nasa1974]

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Trump on Friday named Kevin Warsh to succeed Jerome Powell as Fed chair, ending an odyssey that has seen unprecedented turmoil around the central bank.

www.cnbc.com

So much for an independent Federal Reserve.

 

[tsptalk]

He was the more "Fed independent" choice. That's why gold and silver started falling.

Silver drops 30%, gold tumbles 10% as Trump Warsh pick eases Fed independence fear, triggers dollar rally

Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.

www.cnbc.com

What Trump Fed chair pick Kevin Warsh may mean for consumers

Trump's choice for Fed chair could have far-reaching consequences for almost all consumer borrowing costs and savings rates.

www.cnbc.com

“Based on his past statements and actions in his previous stint as a Fed Governor, Warsh was by far the most hawkish of the four final candidates for Fed Chair,” said Brett House, an economics professor at Columbia Business School.