Lawmakers react to Trump nominating Kevin Warsh for Federal Reserve chairman

President Donald Trump on Friday nominated Kevin Warsh to serve as the next chairman of the Federal Reserve, setting up a confirmation process that could prove contentious as it moves through the Senate.

Warsh, 55, previously served as a member of the Federal Reserve Board of Governors from 2006 to 2011 and was under consideration for the Fed chair nomination when Trump nominated Jerome Powell to the role in 2017. 

Powell was confirmed on a bipartisan basis the following year and was...