Trump Nominates Kevin Warsh as New Federal Reserve Chairman

• President Donald Trump officially announced Kevin Warsh as his nominee for the Chairman of the Board of Governors of the Federal Reserve System.
• Warsh previously served on the Federal Reserve Board from 2006 to 2011, becoming one of the youngest governors at 35.
• He held roles as Special Assistant for Economic Policy at the White House and Executive Secretary of the National Economic Council.
• Warsh is currently a distinguished visiting fellow at the Hoover Institution, Stanford University, and a partner at Duquesne Family Office LLC.
• His nomination caused a stir in global markets, strengthening the dollar and leading to selling in gold and silver due to his inflation-hawk reputation.

Why It Matters: Donald Trump has nominated Kevin Warsh, known for his inflation-hawkish views, as the new US Federal Reserve Chairman.