Donald Trump, the President of the United States, is expected to nominate the next Chair of the Federal Reserve (Fed) soon, and Kevin Warsh, a former Fed governor, is rumored to be a strong candidate. As speculation about the nomination spreads, foreign exchange, stock, and cryptocurrency markets have all been volatile.
Bloomberg News reported on the 29th (local time), citing multiple government sources, that "the Trump administration is preparing to nominate Warsh as the next Fed Chair." However, they added that "nothing is finalized until President Trump makes an official announcement."
President Trump said at a screening of the documentary film 'Melania' in Washington DC on this day, "I will announce the Fed Chair tomorrow morning." He described the nominee as "outstanding and highly respected" and "someone everyone in the financial world knows."
Warsh served as a Fed governor from 2006 to 2011 during the George W. Bush administration. He was also considered a candidate for Fed Chair during Trump's first term. Currently, he is a board member of Coupang, a US e-commerce company.
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https://n.news.naver.com/article/025/0003500192?sid=104
