If confirmed, Trump’s Fed-chair nominee would face several treacherous balancing acts.

Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.

US President Donald Trump has picked Kevin Warsh to lead the US Federal Reserve when current chairman Jerome Powell's four-year term ends in May. Warsh is a former Fed governor and was considered for chair during Trump's first term. He has been an outspoken Fed critic and is expected to support lower interest rates in the near term.

Kevin Warsh’s long-held desire to slash the Federal Reserve’s balance sheet is likely to clash with Donald Trump’s relentless calls for the central bank to depress long-term borrowing costs, big fund managers have said.

Warsh has recently advocated for lower rates, but a smaller Fed balance sheet.

Kevin Warsh really is the top man for the job at the Federal Reserve. President Trump has made a superb decision. The brilliant and popular Kevin Hassett will remain as the director of the National Economic Council.