Kevin Warsh, once known for fighting interest rate cuts with everything he had, now wants them. And he wants them fast. In an interview on Fox News, Kevin made it clear that the Federal Reserve needs to cut rates and start shrinking its $7.

Powell was nominated by Trump in November 2017 and was confirmed by the Senate in January 2018. The Fed chair’s term lasts four years, and Biden did indeed nominate Powell for a second term, though Trump tries to make it sound like he had nothing to do with Powell’s first appointment.

U.S. President Donald Trump said Wednesday he is not planning to fire Federal Reserve Chair Jerome Powell even as he unleashed a fresh round of criticism against the central bank chief and declined to completely reject the possibility of ousting him.

Kevin Hassett (left) and Kevin Warsh have emerged as favourites to become the next Federal Reserve chairman. Donald Trump’s hunt for the next chair of the Federal Reserve is bec

President Trump on Wednesday told reporters that Jerome Powell’s handling of a $2.5 billion renovation of the Federal Reserve headquarters 'sort of is' a fireable offense, raising new questions about whether he may seek to oust the central bank boss.