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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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The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
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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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Live updates: Arrests made as protesters clash with officers in DTLA after 'ICE Out' protest ABC7 Los Angeles'National shutdown' brings protests to L.A., across the nation; demonstrators clash with police Los Angeles TimesProtesters clash with police, federal agents in downtown Los Angeles KTLA
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Long-term yields ticked up after president nominated former governor to lead US central bank
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President announces former Fed governor as his nominee to succeed Jay Powell
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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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Gold, silver and copper suffered from a selloff on Friday, as the dollar rose on expectations that Kevin Warsh will be the next Federal Reserve chair.
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Stock Market News, Jan. 30, 2026: Silver Plunges, Nasdaq Falls Following Trump Fed Pick The Wall Street JournalWhy Wall Street is unhappy with Trump's pick for Fed chair Axios3 things to know about Kevin Warsh, Trump's pick for Fed chair PBSHow a Famed Economist Views Kevin Warsh for Fed Chair Politico
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Trump taps career staffer to lead statistics agency whose chief he fired The Washington PostTrump Picks Veteran Staffer to Head Bureau of Labor Statistics The Wall Street JournalTrump nominates Brett Matsumoto for BLS commissioner The HillDonald Trump nominates economist Brett Matsumoto to head statistics agency Financial TimesTrump Names ‘Data Nerd' to Lead Labor Statistics
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Warsh would replace current chair Jerome Powell when his term expires in May.
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The federal tax collector seems poised to run out of funding on Saturday, just days after it started processing 2025 income-tax returns.
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Platinum also plummets as Trump picks Warsh as next Fed chair
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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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