Trump sends pro-Bitcoin Fed chair nomination to the Senate

The US President makes it official after previously announcing his pick of Kevin Warsh to replace Fed chair Jerome Powell in a Jan. 30 social media post.

The US Senate will soon vote on Donald Trump’s nominee to head the US Federal Reserve after the president picked Kevin Warsh, who has previously expressed pro-Bitcoin views, to replace Fed chair Jerome Powell.

In a Wednesday notice, the White House said that Trump had sent Warsh’s nomination to the Senate to be chair of the Board of Governors of the Federal Reserve for a term of four years, and as a Fed governor for 14 years. The president had previously taken to social media to announce Warsh was his pick to replace Powell, whose term as chair ends in May but may stay on as a Fed governor until 2028.

Warsh served as a Fed governor under former US Presidents George W. Bush and Barack Obama from 2006 to 2011. He went on to become a Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution of Stanford University. 

Read more