Trump Nominates Kevin Warsh as Federal Reserve Chair [Yahoo! Finance]
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Source: Yahoo! Finance
Credit - Tierney L. Cross—Bloomberg/Getty Images President Donald Trump has tapped Kevin Warsh for the Federal Reserve's next chair after months of escalating pressure on the Fed to cut interest rates. “I am pleased to announce that I am nominating Kevin Warsh to be the Chairman of the Board of Governors of the Federal Reserve System,” Trump announced on Friday morning. “I have known Kevin for a long period of time, and have no doubt that he will go down as one of the great Fed Chairmen, maybe the best... he will never let you down.” The post won't be unfamiliar territory for Warsh, 55, who formerly served on the Fed's Board of Governors from 2006 to 2011. Trump has sought a candidate friendly to markets who also aligns with him on dramatically cutting interest rates. Warsh reportedly met with Trump at the White House on Thursday, a source told Reuters “A lot of people think this is somebody that could've been there a few years ago,” Trump told reporters on Thursday, teasing h
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- Hong Kong company's concession to operate Panama Canal ports is ruled unconstitutional [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
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