Trump picks former Federal Reserve official Kevin Warsh to chair US central bank

US President Donald Trump announced on Friday his decision to appoint former Federal Reserve official Kevin Warsh as the next head of the US central bank, with Jerome Powell due to step down in May. The nomination of the 55-year-old, who served as a governor of the Federal Reserve Board from 2006 to 2011, aligns with Trump’s efforts to control the monetary policymaking institution as economic issues – from tariffs to affordability – dominate the policy agenda ahead of the November midterm...