Free Republic

President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade of criticism against the Powell-led Fed almost since Powell took the job in 2018. “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,” said Trump in a Truth Social post...

U.S. President-elect Donald Trump floated the idea of appointing Kevin Warsh as Treasury Secretary on the understanding that he could later be Federal Reserve Chairman, The Wall Street Journal reported, citing people familiar with the matter.The potential arrangement was discussed between Trump and Warsh, a former investment banker who served on the Federal Reserve Board, at Trump's Mar-a-Lago retreat on Wednesday, the Thursday report added.Trump is also thinking about appointing Scott Bessent, a longtime hedge fund investor who taught at Yale University for several years, to lead the White House National Economic Council before he could be nominated to replace...

WASHINGTON (AP) - President Bush is nominating Randall Kroszner and Kevin Warsh to fill two vacancies on the Federal Reserve's board of governors. With the nominations announced Friday, Bush will have nominated or re-nominated all seven members of the Fed board including selecting Ben Bernanke to take over as chairman of the Fed from Alan Greenspan, who is retiring Tuesday after 18 1/2 years in the job. Kroszner, 43, is an economics professor in the University of Chicago's graduate school of business and a previous member of the Council of Economic Advisers. He directs the university's George J. Stigler Center...

The White House on Friday nominated Randall S. Kroszner, a conservative economics professor from the University of Chicago Graduate School of Business, to fill one of two vacancies on the seven-member Federal Reserve Board of Governors. --snip-- "We're on different sides of the aisle, but he's extremely intelligent," said Goolsbee. "He's one of the two or three people in the world you'd turn to on banking regulation. I think any economist who knows Randy would say `Wow, what a good choice.'" --snip-- Kashyap said Kroszner has a libertarian bent when it comes to issues like taxation and entitlement programs. He...