What to know : President Donald Trump nominated Kevin Warsh to be the new chair of the Federal Reserve. The president confirmed his pick on Friday to replace the incumbent Jerome Powell when his term ends in May.
President Donald Trump nominated Kevin Warsh to be the new chair of the Federal Reserve.
The President confirmed his pick in a post on Truth Social on Friday to replace the incumbent Jerome Powell when his term ends in May.
Warsh was an investor in a cryptocurrency project called Basis, which described itself as an algorithmic central bank. He has also served as an adviser for Electric Capital, a VC firm focused on crypto, blockchain and fintech.
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