Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bank
The US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world’s most important central bank.
The Fed’s influence over the economy spans from the job market to mortgage rates, and its every move is carefully scrutinized by investors on Wall Street. Warsh’s confirmation comes at a turbulent time for the central bank, which has fallen under intense scrutiny from Trump for not lowering interest rates.
Continue reading...This article was originally published by The Guardian and written by Lauren Aratani in New York.
Read original article on The Guardian