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Kevin A. Hassett had been seen as the front-runner in the Fed race, but his deep ties to the president raised questions about his independence.
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The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
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Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.
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In Fridley, a Minneapolis suburb, school officials are driving nervous teachers and buying families groceries. At dismissal, the superintendent patrols for federal agents.
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Opinion is divided over whether Warsh will align with the US president's views over how the Federal Reserve should be run.
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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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Nine people have been accused of violating federal law during the demonstration at a church this month, reviving a case that was rejected last week by a magistrate judge.
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A federal judge dropped two of the charges against Luigi Mangione — the man accused of fatally shooting UnitedHealthcare CEO Brian Thompson — making his case no longer eligible for the death penalty.
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Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.
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Kevin Warsh, a former Fed governor, has emerged as Donald Trump's pick to lead the Federal Reserve. Here's his background, views and why it matters.
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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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