Business leaders celebrate Trump's Fed chair pick

President Donald Trump on Friday announced the nomination of Kevin Warsh to serve as the next chairman of the Federal Reserve following a lengthy deliberation process.

Warsh, who previously served as a member of the Fed's Board of Governors from 2006 to 2011, was under consideration for the chairman role when Trump nominated Jerome Powell to the role in 2017. Powell was reappointed to a second term in 2022, which is set to expire in May.

Aside from his previous experience at the central bank...