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US President Donald Trump on January 30 nominated former Federal Reserve Governor Kevin Warsh as the next Chair of the Federal Reserve.
CGTN reporter Aaron Liu notes that Warsh's support for Trump's tariff policies and his calls for faster interest rate cuts are key reasons behind the nomination. After the criminal investigation into current Fed Chair Jerome Powell, the move has reignited market concerns over the independence of the Federal Reserve. Check out the video for more.
US President Donald Trump on January 30 nominated former Federal Reserve Governor Kevin Warsh as the next Chair of the Federal Reserve.
CGTN reporter Aaron Liu notes that Warsh's support for Trump's tariff policies and his calls for faster interest rate cuts are key reasons behind the nomination. After the criminal investigation into current Fed Chair Jerome Powell, the move has reignited market concerns over the independence of the Federal Reserve. Check out the video for more.