What Does Kevin Warsh’s Nomination Mean for the Fed?: QuickTake

President Donald Trump has badgered Federal Reserve Chair Jerome Powell ceaselessly — and unsuccessfully — for aggressive interest rate cuts despite the fact that US inflation is still overshooting the central bank’s target.

With Powell soon to step aside, Trump has picked Kevin Warshto replace him. Warsh is a loyalist who’s declared his alignment with Trump’s views on monetary policy. That doesn’t mean the Fed is about to fall in line with the president’s economic agenda.

Who is Kevin Warsh?

Warsh, 55, is a veteran of both Wall Street and public service whom Trump nearly picked as Fed chair ...