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Evening Standard
Evening Standard
Business
Anna Wise

How will Donald Trump’s pick for US central bank chairman affect markets?

Donald Trump Kevin Warsh Jerome Powell US Federal Reserve United States Starmer
Former Fed governor Kevin Warsh has been nominated by Donald Trump to replace its current chairman (Alastair Grant/PA) - (PA Archive)

Donald Trump has announced his pick for chairman of the US’s Federal Reserve in a move which could instigate change at the central bank at a time when it faces mounting pressure over its independence.

Former Fed governor Kevin Warsh has been nominated by Mr Trump to replace current chairman Jerome Powell when his term ends in May.

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