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Trump Appoints Kevin Warsh as Federal Reserve Chair After Contentious Selection Process

Trump Appoints Kevin Warsh as Federal Reserve Chair After Contentious Selection Process

Author:

Global Cryptocurrency

Published:

2026-01-31 23:53:01

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BTCCSquare news:

President Donald TRUMP has appointed Kevin Warsh as the new Chairman of the Federal Reserve, ending a 14-month power struggle within the White House. The decision came after a heated battle between Warsh and Trump's economic adviser, Kevin Hassett, who was initially favored for the role.

Warsh secured the position with backing from influential Wall Street figures, including JPMorgan CEO Jamie Dimon and billionaire investor Stanley Druckenmiller. His father-in-law, Republican megadonor Ronald Lauder, also played a key role in lobbying Trump. The appointment marks a significant shift in U.S. monetary policy leadership amid ongoing economic uncertainty.

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