If given the green light, Kevin Warsh is also set to take the Fed chief role at a time when the Trump administration has sharply escalated pressure on the independent central bank

If given the green light, Kevin Warsh is also set to take the Fed chief role at a time when the Trump administration has sharply escalated pressure on the independent central bank

US President Donald Trump announced Friday that he is nominating Kevin Warsh, a former Federal Reserve governor, to be the next US central bank chief.

Trump's decision caps a closely watched search for a successor to current Fed Chair Jerome Powell, whom the president has repeatedly lambasted for not cutting interest rates more swiftly.

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