BREKAING LIVE: President Trump Announces Kevin Warsh Nominated as Next Federal Chair | Powell

Описание: BREKAING LIVE: President Trump Announces Kevin Warsh Nominated as Next Federal Chair | Powell | CNBC TV118
Kevin Warsh, former governor of the US Federal Reserve has been picked by US President Donald Trump as the 17th Chair of the central bank, an official announcement made on Friday disclosed. Warsh will succeed Jerome Powell, whose eight-year tenure as the Fed Chair will end in May 2026. The former Fed Governor has outrun other top contenders for the role, which included White House economic advisor Kevin Hassett and Christopher Waller, who is currently a member of the Fed’s board. Besides them, BlackRock’s Rick Rieder was also a probable candidate for the key role. Born in Albany, New York, Warsh earlier served as the Federal Reserve governor between 2006 and 2011, a period that dealt with the global financial crisis. Warsh has been a strong supporter of the US central bank’s policy stance focused on price stability. He was sworn in as a member of the Board of Governors on February 24, 2006, and left the position on March 31, 2011, according to Federal Reserve archives. Warsh's vast career spans across the private sector and Capitol Hill, as well as senior roles within the Federal Reserve. He studied public policy at Stanford University, with an emphasis on economics and statistics. After receiving his bachelor's degree with honours in 1992, Warsh earned a law degree from Harvard Law School in 1995. Besides this, he even completed coursework in market economics and debt capital markets from the Harvard Business School and the Sloan School of Management of the Massachusetts Institute of Technology.

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