President Donald Trump’s pick for Federal Reserve chair wants the central bank to drop any focus on climate change.
This will be Kevin Warsh’s second stint on the board. He was first appointed to the Federal Reserve board in 2006 by President George W. Bush and served until 2011. He played a key in helping guide the country through the worst financial crisis since the Great Depression.
Warsh, 55, is a senior fellow at the conservative Hoover Institution and former investment banker at Morgan Stanley. He is the son-in-law of Ronald Lauder, the cosmetics heir and a major Republican donor.
“I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best,” Trump wrote on social media Friday. “On top of everything else, he is ‘central casting,’ and he will never let you down.”
