US President Donald Trump has announced his pick to be the next chairman of the board of governors of the country's central bank, the Federal Reserve (Fed): Kevin Warsh, a 55-year-old Republican who served on the Fed's board from 2006 to 2011. Warsh, a frequent critic of the current Fed, will now have the opportunity to implement his idea of ​​"regime change" in monetary policy at a time when Trump has been pushing for greater control over the central bank. "I've known Kevin for a long time and I have no doubt that he will go down in history as one of the great Fed chairman(s), maybe the best. He's also a relevant figure who will never let you down," Trump said in announcing his latest move to leave his mark on the Fed, which he criticizes from the bottom up. The position requires confirmation by the US Senate. Given Trump's strained relationship with current Fed Chairman Jerome Powell, whom he has sought to remove from the outset and whose term ends next May, one of Warsh's tasks, given his ties to the Republican Party, will be to avoid any perception of a lack of independence. An economist and lawyer with degrees from Stanford and Harvard Universities, Warsh accepted a position in 1995 in the mergers and acquisitions department of Morgan Stanley in New York. In 2002, he left his position as vice president and CEO at Morgan Stanley to join the administration of President George W. Bush, where he served as special assistant to the president for economic policy and as executive secretary of the National Economic Council. The future Fed chairman advised Bush and his administration on matters related to the US economy. He was also a member of the president's task force on financial markets. In 2006, Bush appointed him to the Board of Governors. During his tenure, Warsh served as the Board's representative to the Group of Twenty (G-20), as well as an envoy to emerging and advanced Asian economies. While at the Fed, he experienced the 2008 global financial crisis and worked as a liaison between the Fed and Wall Street. Warsh participated in the rescue and stabilization negotiations for the banks and the financial sector affected by the subprime mortgage crisis. subprimeHis time at the Fed solidified his expertise in monetary policy, financial markets, and situations of high uncertainty. After leaving the central bank, Warsh combined teaching and research with roles in the private sector. visiting fellow Warsh is a distinguished visiting professor at the Hoover Institution and Stanford Graduate School of Business, while also serving on the boards of global companies and international economic organizations. This hybrid profile places him at the intersection of politics, academia, and finance—a valued characteristic for leading the Fed in uncertain times.

Never before had a Federal Reserve chairman been forced to record a video to convey a dramatic message Addressed to the citizens of the United States, as Jerome Powell did early this morning. In a country and an international environment where almost everyone has chosen to bow to Donald Trump's wishes or, at least, try not to further enrage him, Powell has decided to confront him and tell the truth; that is, that the federal investigation opened against him for the alleged misuse of funds in some of the institution's construction projects is nothing more than a ploy to stop him from doing his job according to his technical expertise and instead simply obey the president's wishes.

The Federal Reserve (Fed, the US central bank) cut interest rates again on Wednesday, this time by a quarter of a percentage point. This marks the third consecutive rate cut, following those approved in September and in [year missing]. OctoberWhen it also reduced the cost of credit by 0.25 points on both occasions.

The chairman of the Federal Reserve (Fed, the US central bank), Jerome Powell, is keeping a cool head amid Donald Trump's campaign to lower interest rates. At the central bank's conference in Jackson Hole, Wyoming, Powell said Friday that the economy "could justify" interest rate cuts in the future, but did not say when. The economist also warned that tariffs and the US president's deportation campaign threaten to trigger inflation, which is already around 2.7%.

Nor the demands to dismiss him from office nor the accusations this week from spending too much money on the renovation of the headquarters Nor have the latest outbursts through Truth Social been enough to subdue Jerome Powell. The chairman of the Federal Reserve and Donald Trump's main public enemy. has ignored it again In response to pressure from the president, and in a decision that underscores the Fed's institutional independence, it announced this Wednesday that it is keeping interest rates at around 4.5%.

On Wednesday, US President Donald Trump He denied in a press conference that he planned to fire Jerome Powell., the chairman of the Federal Reserve (the Fed, the US central bank). That same morning, several media outlets such as Bloomberg and The New York Times They had published that Trump had a draft letter to send to Congress to oust Powell, which led to an immediate drop in the dollar on the foreign exchange market and put the US stock market in the red. Only with the president's denial, a few minutes after its publication, did the situation in the markets normalize.

The Federal Reserve (Fed, the United States central bank) warned this Wednesday that the tariffs announced by US President Donald Trump will cause inflation. Given this scenario and the growing "uncertainty" in the US economy, the monetary institution has once again left interest rates unchanged.