As U.S. President Donald Trump is expected to nominate the next chairman of the Federal Reserve System (Fed) soon, Kevin Warsh, a former Federal Reserve governor, is being mentioned as a strong candidate. As speculation about the personnel selection spread, foreign exchange, stock, and cryptocurrency markets all fluctuated.
Bloomberg News reported on the 29th (local time), citing multiple government officials, that "the Trump administration is making preparations to nominate former Governor Warsh as the next Federal Reserve chairman." However, it said "it is not final until President Trump's official announcement."
President Trump attended the preview screening of the documentary film 'Melania' held in Washington DC on that day and said "I will announce the Federal Reserve chairman tomorrow morning." Regarding the candidate, he said "an outstanding and highly respected figure" and "someone everyone in finance knows."
Former Governor Warsh served as a Federal Reserve governor from 2006 to 2011 during the George W. Bush administration. He was also mentioned as a candidate for Federal Reserve chairman during the Trump first administration. He is currently serving as a director of Coupang, a U.S. e-commerce company.
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https://n.news.naver.com/article/025/0003500192?sid=104
