Trump picks former Fed Gov. Kevin Warsh
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Fed, Powell and interest rate
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President Donald Trump announced on Friday that he is nominating former Federal Reserve Governor Kevin Warsh to become chairman of the central bank.
Former Fed Governor Kevin Warsh is by far the favorite, according to prediction market Kalshi.
By Ishaan Arora Jan 30 (Reuters) - Gold slid more than 4% on Friday on rumours the Federal Reserve could get a more hawkish chair, but was still on track for its strongest monthly gain since 1980 as investors flocked to the safe haven amid lingering geopolitical and economic strains.
SINGAPORE, Jan 30 (Reuters) - Bitcoin slumped to a two-month low on Friday as speculation the next chair of the U.S. Federal Reserve might tighten up on cash in the financial system hit cryptocurrencies and lifted the dollar.