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Trump Nominates Kevin Warsh to lead the US Federal Reserve
US President Donald Trump has announced Kevin Warsh as his choice to lead the US Federal Reserve when current chairman Jerome Powell’s four-year term comes to an end in May, a move that could usher in a new phase for American monetary policy amid heightened economic and political scrutiny.
Warsh, a former Federal Reserve governor, is no stranger to the institution or to speculation around its leadership. He previously served on the Fed’s board from 2006 to 2011 and was widely considered for the chairmanship during Trump’s first term in office. Known for his critical views of the central bank’s recent policy direction, Warsh is expected to favour a more accommodative stance, including support for lower interest rates in the near term.
The nomination comes at a sensitive moment for the Federal Reserve, as questions about its independence have intensified following Trump’s increasingly public criticism of Jerome Powell. The president has repeatedly expressed frustration that interest rates were not cut more aggressively, arguing that faster action would have better supported economic growth.
Those tensions deepened recently after federal prosecutors opened a criminal investigation into testimony Powell gave to the Senate concerning renovations to Federal Reserve buildings. The Department of Justice probe prompted a strong response from Powell, along with public messages of support from several former Fed chairs and prominent central bank leaders, underscoring the institutional significance of the moment.
Against this backdrop, Warsh’s re-emergence as a leading contender had been widely anticipated in recent weeks, as speculation mounted over who would eventually succeed Powell. Trump formally confirmed his choice on his Truth Social platform, praising Warsh in emphatic terms and saying he “will go down as one of the GREAT Fed Chairmen, maybe the best.”
If approved, Warsh would assume leadership of the world’s most influential central bank at a time of exceptional challenge and opportunity. Economists and financial markets are closely watching how the Fed navigates inflation concerns, growth prospects and political pressure, making the next chair’s approach particularly consequential.
Before taking office, however, Warsh must secure confirmation from the US Senate, a process that could involve extensive hearings and potentially lengthy delays. That scrutiny is likely to focus on his views about interest rates, financial regulation and the long-standing principle of central bank independence.
Even so, supporters argue that Warsh’s deep experience during periods of economic stress — including the global financial crisis — positions him well to guide the Fed through a complex environment.
Search efforts and inquiries remain ongoing after Prince Andrew was released under investigation following a day spent in police custody.
More than 19 hours after he was photographed reclining in the back seat of a vehicle upon release, the King’s younger brother remains at the centre of an active inquiry. The 66-year-old spent approximately 11 hours in custody on his birthday after being arrested on suspicion of misconduct in public office.
The development marked the first arrest of a senior royal in modern history.
Following his release, Andrew departed Aylsham Police Station after a lengthy period that involved hours of transport and waiting.
Although no charges have been filed, Andrew has been released under investigation — meaning he is free to resume daily activities for now, but remains subject to further questioning as inquiries progress.
Authorities continue to examine matters linked to properties associated with the Duke, including locations connected to the Sandringham Estate.
According to royal correspondent Helena Wilkinson, Andrew’s legal situation remains unresolved, and he may be required to return for additional interviews as the investigation develops.
Authorities have confirmed that Prince Andrew was arrested earlier today on suspicion of misconduct in public office, marking a significant development that is now set to move through the formal legal system.
The arrest took place at a residence on the Sandringham Estate in Norfolk at approximately 08:00 this morning. Police have since continued investigative searches at that property, as well as at his former home located within Windsor Great Park.
In recent weeks, Andrew had relocated from Windsor to establish a temporary base at Sandringham while renovation work progresses on his future long-term residence at nearby Marsh Farm.
The Sandringham Estate, originally acquired in 1862 as a private retreat for the future Edward VII when he was Albert, Prince of Wales, has long remained a cherished country residence passed from monarch to monarch. It continues to serve as a traditional gathering place for the Royal Family, particularly during the Christmas period.
It is understood Andrew has been staying at Wood Farm, a secluded house near the village of Wolferton. The residence holds personal significance, having been chosen by his father, Prince Philip, as his primary home following retirement from public duties in 2017.
Today, Sandringham has seen heightened police presence as the investigation proceeds.
Meanwhile, King Charles III continued with his scheduled public engagements in London, where he was greeted by both questions and expressions of public support upon arrival.
Maintaining continuity and stability, the King chose—like the Queen earlier—to proceed with previously planned duties. In a statement, he reaffirmed confidence in due process, noting that “the law must take its course.”
It has also been confirmed that neither the King nor Buckingham Palace were informed in advance of the arrest, underscoring the independence of the legal process now underway.
Authorities are assessing new information concerning private jet movements at Stansted Airport after fresh scrutiny linked to the activities of convicted sex offender Jeffrey Epstein.
Essex Police confirmed it is examining details related to private flights arriving at and departing from the airport in light of disclosures emerging from the recently published Epstein files.
The review follows calls from former UK Prime Minister Gordon Brown, who urged in the New Statesman that law enforcement should “urgently” revisit whether Epstein’s victims may have been trafficked into or out of the United Kingdom.
A previous investigation identified 87 flights connected to Epstein that either landed at or departed from UK airports between the early 1990s and 2018.
Stansted Airport has maintained that private aircraft operations are conducted independently, noting that it does not oversee passenger arrangements for privately chartered flights.
The police assessment is part of broader efforts to understand any potential connections between flight activity and trafficking concerns raised in the wake of the latest disclosures.
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