Trump picks Kevin Warsh as Fed chairman

President Donald Trump has nominated Kevin Warsh to serve as Chairman of the Federal Reserve Board of Governors.

Warsh, currently a Distinguished Visiting Fellow at Stanford’s Hoover Institution and partner at Duquesne Family Office LLC, previously served as the youngest Fed Governor in history when he joined the Board at age 35 in 2006.

“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Trump said via his Truth Social account.

During his tenure on the Board from 2006 to 2011, Warsh served as the Federal Reserve’s Representative to the G-20 and as the Board’s Emissary to Emerging and Advanced Economies in Asia. He also served as Administrative Governor, overseeing Board operations and financial performance.

Warsh’s policy credentials include an independent report to the Bank of England proposing monetary reforms that Parliament later adopted.

Before joining the Fed, he served as Special Assistant to the President for Economic Policy and Executive Secretary of the White House National Economic Council from 2002 to 2006. He earlier worked in Morgan Stanley’s Mergers & Acquisitions Department as Vice President and Executive Director.

This is a developing story.