Trump's Unconventional Choice: What Kevin Warsh's Fed Means for Markets and Policy The Federal Reserve is set to get a new leader on Friday, when President Trump swears in Kevin Warsh as the new chairman.
This marks the end of Jerome Powell's tenure and the beginning of a new era for monetary policy. Warsh's appointment has been shrouded in controversy from the start.
Despite his lack of experience in central banking, he was handpicked by Trump to succeed Powell, who had grown increasingly unpopular with Republican lawmakers.