Trump picks Kevin Warsh for Fed Chair
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Kevin Warsh is not permanently hawkish on monetary policy despite his reputation for a conservative stance on rates, according to Stanley Druckenmiller, the billionaire investor and longtime mentor of Donald Trump’s Federal Reserve chair nominee.
Warsh has repeatedly and loudly blasted his old colleagues over the years for letting the bank’s assets balloon, prompting speculation in markets that he could move quickly to have them drawn down
Especially at times like this, the multitudes enjoy seeing wealthy people dragged through the mud.
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Unsure if Kevin Warsh will be as dovish as Trump wants in 2027: Morgan Stanley's Andrew Slimmon
David Wessel, senior fellow in Economic Studies at the Brookings Institution, joins 'The Exchange' to discuss Trump's nomination to head the Federal Reserve, Kevin Warsh.
President Trump says he didn't demand a commitment on interest rates from his Fed nominee Kevin Warsh, but a former rival for the top central bank job says Warsh appears to agree that rates should be lower.
If confirmed, Trump’s Fed-chair nominee would face several treacherous balancing acts.
Kevin Warsh’s long-held desire to slash the Federal Reserve’s balance sheet is likely to clash with Donald Trump’s relentless calls for the central bank to depress long-term borrowing costs, big fund managers have said.