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The Guardian - UK
The Guardian - UK
Business
Lauren Aratani in New York and Graeme Wearden

Donald Trump expected to nominate Kevin Warsh as US Federal Reserve chair

Donald Trump Kevin Warsh Jerome Powell US Federal Reserve United States Interest Rates Economy the Federal Reserve White House
Kevin Warsh carries luggage as arrives at the Sun Valley Resort in Idaho, US, in July last year
Kevin Warsh has previously been seen as a monetary policy hawk, but appears to have aligned himself with the White House’s push for lower interest rates. Photograph: Brendan McDermid/Reuters

Donald Trump is expected to nominate the former Federal Reserve governor Kevin Warsh as its next chair amid an extraordinary attempt by the president to tighten his grip on the US central bank and flout its longstanding independence.

Trump told reporters on Thursday that he planned to announce his choice for chair of the Federal Reserve on Friday morning, hinting that “a lot of people think that this is somebody that could have been there a few years ago”.

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