New Fed Reserve choice supports Trump’s economic policies

President Trump’s choice to lead the Federal Reserve has expressed support for the president’s economic policies. Kevin Warsh, who previously served as a Fed governor, has a history of supporting higher interest rates to control inflation. But since Donald Trump’s reelection, he has expressed support for the president’s economic policies, including lower rates. For now, Warsh would likely fill a seat that was temporarily occupied by White House adviser Stephen Miran. Once on the board, Warsh could be elevated to the chair position when Jerome Powell’s term ends in May.