President Trump plans to name Kevin Warsh, the former Federal Reserve governor, replace Jerome Powell as Federal Reserve chair, The Post has learned.
President Trump plans to announce on Friday that he will name Kevin Warsh, the former Federal Reserve governor, replace Jerome Powell as Federal Reserve chair, The Post has learned.
After meeting on Thursday with Warsh, a former Fed governor and Stanford University professor, Trump later called Warsh and asked him if he would accept the position — and he did, sources tell The Post.
Rick Reider, a top executive at giant money manager BlackRock emerged as a top candidate in recent days. But Reider on Thursday was informed he would not get the appointment, people close to him say.
The other two top candidates — National Economic Council director Kevin Hassett and Fed Gov. Christopher Waller — have recently been given lower odds.
White House officials cautioned that Trump could change his mind at the last minute.
