President Trump said Friday he would nominate Kevin Warsh to be the next chairman of the Federal Reserve, choosing a former Fed official who has aligned himself with the president’s criticism of the c...

U.S. President Donald Trump on Friday said he had picked former Federal Reserve governor Kevin Warsh as the next head of the Federal Reserve, when Chair Jerome Powell steps down in May.

If confirmed by the Senate, Warsh will replace Jerome Powell, who Trump first appointed in 2018, but later infuriated the US president by defying his repeated calls for lower interest rates.