Trump Nominates Kevin Warsh to Replace Fed Chair Jerome Powell in Power Shift

President Trump has nominated Kevin Warsh as the next Federal Reserve Chair Kevin Warsh, a former Federal Reserve board member, is set to replace Jerome Powell when his term ends in May 2026. The decision follows months of political pressure on the central bank, as Trump has repeatedly called for aggressive interest rate cuts to boost economic growth.     Warsh, a former Wall Street banker and longtime Fed critic, has accused the Federal Reserve of losing credibility and straying from its core mission. His nomination signals a broader effort by Trump to exert greater political influence over the traditionally…