BBC News
By Tara Mewawalla
30 January 2026
US President Donald Trump has nominated Federal Reserve critic Kevin Warsh to run the institution. Here’s what you need to know:
What is the Federal Reserve?
It is the US central bank which operates independently from government, with goals of maximum employment and stable prices. The Fed uses interest rate hikes or cuts to achieve this.
Who is Kevin Warsh?
A former Federal Reserve governor and Wall Street veteran, Kevin Warsh has been outspoken in his calls for “regime change” at the central bank.
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