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Bangkok Post – Trump Appoints Former Fed Official Warsh as New Federal Reserve Head

Article Summary:

On January 30, President Donald Trump appointed former Federal Reserve Governor Kevin Warsh to lead the U.S. central bank as Jerome Powell’s term concludes in May. This decision highlights Trump’s ongoing interests in reshaping monetary policy.

Warsh, a known critic of the Federal Reserve, brings his vision of “regime change” to monetary policy at a pivotal time. Trump’s administration has consistently sought greater influence over the Fed’s operations. This move indicates a shift towards a more interventionist approach in U.S. economic governance.

As Warsh prepares to assume leadership, industry experts are closely monitoring potential changes in interest rates and overall monetary strategy. His appointment may signal a new era for the Federal Reserve, focusing on more aggressive economic measures amid various financial challenges.

Original Article:

Trump picks former Fed official Warsh to run Fed

President Donald Trump on Friday (January 30) chose former Federal Reserve Governor Kevin Warsh to head the U.S. central bank when Jerome Powell’s leadership term ends in May. The appointment gives a frequent Fed critic a chance to put his idea of monetary policy “regime change” into practice at a moment when the president has pushed for more control over the central bank. – REUTERS

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