Possible Fed pick Warsh has government-backed crypto problem
Kevin Warsh, financial executive and former Federal Reserve governor, is now reportedly among the top contenders being considered to replace Jerome Powell as Fed chairman.
Although Powell’s term doesn’t end until May, and it doesn’t look for now like Trump will oust him before then, Treasury Secretary Scott Bessent has said that there’s a “very good chance” that President Trump will pick before Christmas his choice for a nominee to be Powell’s successor. Other reports say Trump will announce the pick in January
Warsh has been a successful financier and has some perceptive ideas on fighting inflation and creating conditions for economic growth. But Warsh’s endorsement of certain forms of a…
