Trump Nominates Kevin Warsh as Federal Reserve Chair Amid Senate Confirmation Challenges

President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh to succeed Jerome Powell as chair of the US central bank, with a four-year term starting February 1. Warsh, known for his role during the 2008 financial crisis and support for rate cuts, faces a Senate confirmation process complicated by Republican Senator Thom Tillis's pledge to block nominations amid a DOJ investigation into Powell. The nomination highlights tensions over monetary policy and the Fed's independence.