Trump’s announcement comes as he has publicly expressed anger over the central bank’s reticence to cut rates sharply, and has attacked its chair, Jerome Powell, over it.

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.

“The Fed should substantially lower interest rates, NOW!” Trump wrote.

Trump once again went after Federal Reserve head Jerome Powell for not cutting interest rates.

President Donald Trump has launched a fresh attack on Federal Reserve chairman Jerome Powell after the central bank opted to leave interest rates unchanged, prompting an immediate backlash from the White House.