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President Trump announced he plans to nominate Kevin Warsh to succeed Jerome Powell as chair of the Federal Reserve. Gene Sperling, former director of the National Economic Council, weighs in.
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Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs.
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Also, Kevin Warsh is Trump's pick to lead the Fed. Here's the latest at the end of Friday.
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The 55-year-old economist had been considered for Fed chair during Trump's first term.
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