Trump nominates Federal Reserve critic Kevin Warsh as its next chair

Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank• Business live – latest updatesDonald Trump has announced Kevin Warsh as his nomination for the next chair of the Federal Reserve, selecting a candidate who has been an outspoken critic of the US central bank.The move ends months of speculation about who the president would pick to replace Jerome Powell, as he waged an extraordinary campaign to influence policymaking at the Fed by repeatedly calling for interest rate cuts. Powell’s second term as chair is due to end in May. Continue reading...