Trump nominated his adviser for the position of Chairman of the US Federal Reserve System
US President Donald Trump has nominated his personal economic adviser Kevin Warsh for the position of Federal Reserve chairman. This was reported by Deutsche Welle, citing a statement from Trump's entourage.
Kevin Warsh was previously a member of the US Federal Reserve Board of Governors and has experience working in key financial institutions. During Trump's political career, he advised him on economic and monetary policy issues.
Warsh's appointment requires approval by the US Senate. If confirmed, he will head one of the world's most influential financial institutions, which is responsible for US monetary policy and influences global financial markets.