Kevin Warsh has a tremendous opportunity to be a transformational figure in Fed history

By Andrea Shalal and Bo Erickson Jan 30 (Reuters) - President Donald Trump is expected to name a successor to Federal Reserve Chair Jerome Powell on Friday after a White House meeting the previous day with former Fed Governor Kevin Warsh,

Kevin Warsh’s long-held desire to slash the Federal Reserve’s balance sheet is likely to clash with Donald Trump’s relentless calls for the central bank to depress long-term borrowing costs, big fund managers have said.

The concern is whether the president can eventually force short-term interest rates lower, which probably wouldn’t drive jobs higher and might set off more inflation.

By Andrea Shalal WASHINGTON, Jan 30 (Reuters) - Kevin Warsh, President Donald Trump's pick to head the Federal Reserve, has earned over $1 million since 2020 as a member of the board of e-commerce company Coupang,

US stocks slid on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and a screeching halt to 2026's roaring metals rally.

Republican Senator Thom Tillis reiterated his intention to block Kevin Warsh from becoming chairman of the Federal Reserve until a criminal investigation into renovations at the Fed is stopped, despite his belief that the nomination is a good one.

Prices are swinging across financial markets on Friday as investors try to figure out what President Donald Trump’s new nominee to lead the Federal Reserve will mean for them. The initial reactions have been uneasy and sometimes quick to change because of the uncertainty.