Dovish. Judicious. A chameleon.Those are just some of the terms being used to describe Kevin Warsh, President Donald Trump’s pick to be the next chairman of the Federal Reserve, the central bank of the United States.Recommended Stories list of 4 itemsend of listIf confirmed by the US Senate, Warsh, a former Federal Reserve governor, will replace Jerome Powell after his term ends in May. Trump announced Warsh as his nominee on Friday.“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 posted on his Truth Social site. “On top of everything else, he is ‘central casting,’ and he will never let you down.”Over the past year, Trump has repeatedly lambasted Powell for not lowering interest rates at a pace and to a level of his liking. Warsh is expected to have a smoother experience – at least initially.That’s partly because he comes from a Republican milieu. His father-in-law is Ronald Lauder, heir to the Estee Lauder cosmetics fortune and a longtime Trump donor and ally.Warsh is also currently serving as a fellow at the right-leaning Hoover Institution, a think tank at Stanford University, where he also lectures as a visiting scholar.But more importantly, critics say, Warsh has shown a willingness to align with Trump’s policies. After years of supporting high interest rates to control inflation, Warsh has made recent statemen …
