Washington (USA), 30 January (LaPresse/AP) – US President Donald Trump has announced that he will nominate former Federal Reserve official Kevin Warsh as the next Fed chair. Warsh would replace current chair Jerome Powell when his term expires in May. Trump chose Powell to lead the Fed in 2017, but this year he has repeatedly attacked him for not lowering interest rates quickly enough. The appointment, which requires Senate confirmation, represents a return for Warsh, 55, who was a member of the Fed's board from 2006 to 2011. He is currently a fellow at the right-leaning Hoover Institution and a lecturer at Stanford Graduate School of Business.