Trump nominates Kevin Warsh as next Federal Reserve Chair

U.S. President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh as the next chair of the central bank, Aggr News reported. In a post on Truth Social, Trump praised Warsh for his extensive research in economics and finance, adding that he would become one of the greatest Fed Chairs in history. While Warsh has traditionally been viewed as a monetary policy hawk, recent assessments suggest he has also shown dovish tendencies. He has consistently emphasized the Federal Reserve's independence and discipline. Within the cryptocurrency market, Warsh has faced criticism for reportedly viewing digital assets as speculative instruments that would disappear with the end of a low-interest-rate environment, while also stressing the importance of real interest rate hikes and reduced liquidity.