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If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.
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President Donalf Trump nominates Kevin Warsh as new Fed chair, potentially affecting interest rates and the economy
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Stock and bond markets were unfazed by Kevin Warsh's nomination as the next Fed chair, with the S&P 500 nudging slightly lower in early trading on Friday.
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Trump's pick did not rattle markets, but the Fed's future and independence remains uncertain.
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(Top headline, 3rd story, link)
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(First column, 1st story, link)
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The president's choice to lead the Federal Reserve is a financier and former governor of the central bank.
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