Bill Ackman Has His Pick for the Next Fed ChairBy
Bill Ackman has his bet for the next head of the U.S. Federal Reserve: Kevin Warsh.
President Donald Trump is certain to implement change at the top of the Fed, Ackman said in an interview Monday, speculating that Trump isn’t the type of person to hold onto the previous administration’s candidate. The billionaire head of Pershing Square Capital Management said he knows Warsh, thinks highly of him and believes the former Fed governor is right for the job.
Warsh has positioned himself as the candidate most interested in Fed reform, with experience in monetary policy, crisis management and investment banking. Trump said at the end of September that he’ll make a decision on the nomination “over the next two or three weeks.”