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Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs.
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Pressure was building on Iran on Friday as President Donald Trump weighed a military strike on the Islamic Republic and the Treasury Department sanctioned several officials it said were responsible for the regime's brutal crackdown on its own people.
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The 55-year-old economist had been considered for Fed chair during Trump's first term.
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Kevin Warsh brings experience but must demonstrate his credibility to markets
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If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.
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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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The war in Ukraine has shown how vulnerable armored vehicles can be to attacks by cheap, expendable drones, threatening the tank's century-long primacy on the battlefield.
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