Trump Nominates Kevin Warsh to Replace Jerome Powell at Federal Reserve
Donald Trump nominated Kevin Warsh to succeed Jerome Powell as the chair of the Federal Reserve starting in May 2026.The announcement triggered a 5 percent drop in gold prices to $5,120 per ounce while treasury yields climbed to 4.265 percent.Senator
Thom Tillis and Senator
Elizabeth Warren raised concerns about the choice as the
DOJ continues a criminal investigation into
Jerome Powell.
Published:6h |Updated:8m