Trump Picks Kevin Warsh as New Federal Reserve Chair

President Donald Trump said on Jan. 30 that former Federal Reserve Governor Kevin Warsh will be the next head of the U.S. central bank. While the new chair will be just one vote, Trump believes other officials will change their minds and support cutting interest rates. “If they respect the Fed chairman—they don’t respect this Fed chairman—if they respect the Fed chairman, they’ll be with us all the way,” Trump told reporters during the premiere of “Melania,” the film about first lady Melania Trump Warsh worked as special assistant to the president for economic policy during the Bush administration, from 2002 to 2006. He was also the executive secretary of the National Economic Council....