Federal Reserve Chair Jerome Powell made a point of avoiding any comments with political implications at his press briefing on Wednesday, but President Donald Trump’s nomination of Kevin Warsh on Friday to become the new Fed chief has put Powell’s remarks in a different light.
Warsh, a former Fed governor, has been critical of the central bank since he’s been on Trump’s short list to replace Powell. In recent months, he has called on the Fed to rethink its economic models and revamp as well as shrink its staff.
