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The 55-year-old economist had been considered for Fed chair during Trump's first term.
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President Donald Trump announced conservative economist and former Fed governor Kevin Warsh as his pick to be the new Federal Reserve chairman.
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President Trump on Friday named Kevin Warsh to succeed Jerome Powell as Fed chair, ending an odyssey that has seen unprecedented turmoil around the central bank.
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President Donald Trump said Thursday that he will be naming his pick Friday for the new Federal Reserve chair.
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