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Kevin Warsh supports President Trump's desire for lower interest rates, and that could be a catalyst for blockbuster artificial-intelligence IPOs.
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Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.
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Mortgage rates didn't move after President Donald Trump announced his pick of Kevin Warsh as the next Federal Reserve chair.
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The nomination of Kevin Warsh "avoids a lot of the worst-case scenarios, but it's still unclear what impact he will have on rates," one strategist said.
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Trump's nominee for Fed chair has been hawkish about easy money. But this president demands lower rates.
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