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President Donald Trump took to truth social Friday morning to announce his choice for the next chair of the Federal Reserve.
President Trump has tapped Fed critic Kevin Warsh.
Kevin Warsh.
Kevin Warsh to be the next Fed cheer.
Kevin Warsh.
He's not a household name, but he's also not exactly a surprise pick.
He's a former Fed governor who served during the financial crisis.
And he was up for the Fed share position during Trump's first term in 2017.
Trump chose Jerome Powell instead.
But there's a big difference between the old Warsh and the new Warsh.
Well,
I think the big question that many Fed watchers are asking today is which Kevin Warsh will show up to be Fed share
if he is confirmed.
My colleague, Amara Amokwe, covers the Federal Reserve.
She says that for a long time, Warsh was cautious about lowering rates.
because of the risks of driving up inflation.
But recently, Warsh has been signaling a shift in position.
He does have this track record of being an inflation hawk,
but then as he's been in the mix for Fed chair,