President Donald Trump on Friday chose former Federal Reserve Governor Kevin Warsh to head the US central bank when Jerome Powell's leadership term ends in May. "I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. Trump announced the nomination, which requires confirmation by the US Senate, in a post on social media. No public events have been listed on the president's schedule for Friday involving the Fed. The Fed has long been seen as a stabilising force in global financial markets due in no small part to its perceived independence from politics.

Source: Irish Examiner January 30, 2026 15:58 UTC