President Trump's move to nominate Kevin Warsh to replace Jerome Powel l as Federal Reserve chair is likely to be viewed as a safe choice on Wall Street, elevating a former Fed official with deep monetary policy experience and well-established views on inflation.

President Donald Trump said he plans to announce his choice for chairman of the Federal Reserve on Friday morning, a long-awaited decision that could set up a showdown on whether the U.S. central bank preserves its independence from the White House and electoral politics.

Jerome Powell's term as Federal Reserve chairman will end in May - the bank has been under political pressure from the White House about how it sets interest rates.

President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.

President Donald Trump plans to nominate Kevin Warsh to the board of the Federal Reserve as a governor and the next chair of the central bank

Bush economic advisor Kevin Warsh is set to succeed Jerome Powell as chair of the Federal Reserve, President Trump announced Friday.

President Donald Trump said he is nominating Kevin Warsh to be the 17th chair of the Federal Reserve after Jerome Powell’s term ends in May.

The dollar rises following reports that President Trump could nominate Kevin Warsh as Federal Reserve Chair. Trump’s advisers were told he is expected to nominate Warsh, The Wall Street Journal reports.