Trump's pick to lead Federal Reserve to face questions from lawmakers
Who is Kevin Warsh?published at 14:29 BST
Kevin Warsh, 56, is a financier and attorney – and no stranger to the US central bank.
He was nominated to the Federal Reserve Board of Governors in 2006 by former president George W Bush after serving on Bush’s National Economic Council.
He sat on the Board through the 2008 financial crisis, departing in 2011.
Warsh brings a traditional background to the Fed job: an Ivy League education, a prior stint at the Fed, as well as time on Wall Street and at the Hoover Institution – a conservative economic think tank.
He has been an outspoken Fed critic, lambasting everything from the central bank’s heavy reliance on data to its use of assets on its balance sheet.
Warsh has escalated his rhetoric since emerging as a contender for the top Fed job, going as far as calling for “regime change”.
He had a relatively “hawkish” reputation as a Fed governor, meaning he tended to favour higher interest rates and took more seriously concerns about inflation.
But he is now seen as a voice that would support lower rates in the near term. He has argued the Fed should shrink its balance sheet in order to bring down short-term interest rates, though some have questioned his logic.