Kevin Warsh, the new Fed Chair
In the end, Trump has nominated a new Fed Chair who until recently was considered one of the least likely candidates. Trump himself has repeatedly stated that he was looking for a chair willing to cut interest rates quickly. Warsh, who served on the Fed for a long time, has never belonged to the so-called “doves,” but rather to the “hawks.” He has always been an advocate of a fairly conservative monetary policy. Why, then, did Trump choose him after all?
