Fed chair | President Donald Trump announced on Friday that he will nominate Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve, ending a monthslong selection process that has challenged the board’s independence. Warsh served as a Fed governor from 2006 to 2011 and was a finalist for the job that went to Powell in 2017. He has emerged as a critic of the central bank, claiming it needs “regime change.” He also supports lowering interest rates, aligning with the president. Warsh must be confirmed by the Senate before taking on the role.