Trump has tapped a new Federal Reserve chair. Has he finally found his yes-man?

Trump nominated Kevin Warsh, an ex-Fed governor, for the role as the White House continues to attack Jerome PowellThe US Federal Reserve requires “strong, sound and steady leadership”, according to Donald Trump. The president found a man to lead the central bank who would “provide exactly that type of leadership”, he declared.“He’s strong, he’s committed and he’s smart.”This is not how Trump described Kevin Warsh, the former Fed governor whom he unveiled as his new nominee to chair the central bank on Friday – but how he hailed Jerome Powell, the current Fed chair, when nominating him for the job about eight years ago. Continue reading...