President Donald Trump nominated Kevin Warsh as the next chair of the Federal Reserve Jan. 30. Here's what to know.

Prices are swinging across financial markets as investors try to figure out what President Donald Trump’s nominee to be the next Federal Reserve chair will mean for them. The initial reactions Friday have been uneasy and sometimes quick to change.

The announcement would end months of speculation about one of the president's most important economic policy decisions.

President Donald Trump says he plans to announce his pick for Federal Reserve Chair to replace Jerome Powell on Friday.

President Donald Trump said he plans to announce his choice for chairman of the Federal Reserve on Friday morning, a long-awaited decision that could set up a showdown on whether the U.S. central bank preserves its independence from the White House and electoral politics.

Warsh, who served as a Fed governor from 2006 to 2011, had re-emerged in recent weeks as a potential choice for the top job as speculation grew over who would replace the under-fire incumbent, Jerome Powell.

President Trump says he is nominating Kevin Warsh to be the next chair of the Federal Reserve, filling a powerful economic policy role as the president pushes for lower interest rates.

Jerome Powell's term as Federal Reserve chairman will end in May - the bank has been under political pressure from the White House about how it sets interest rates.