The president is turning to a former Fed official as his nominee to replace outgoing Chair Jerome Powell.

Kevin Warsh, a former Fed governor, has emerged as Donald Trump’s pick to lead the Federal Reserve. Here’s his background, views and why it matters.

Warsh is a former Federal Reserve board member with ties to Wall Street who has often been critical of the central bank’s policies.

President Donald Trump said Friday that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a decision likely to result in sharp changes to the powerful agency that could bring it closer to the White House.

The Federal Reserve on Wednesday gave little indication it's in a rush to ease monetary policy. Economists on the Street, however, remain hopeful.

Investors are increasingly souring on the United States, as illustrated by the declining dollar, the stalled stock market and rising government borrowing costs.

Global stocks fell on Monday and metals tumbled as markets digested President Trump’s nomination of Kevin Warsh as the next chair of the Federal Reserve.