Scott Horsley

This story is free to read because readers choose to support LAist. If you find value in independent local reporting, make a donation to power our newsroom today. Trump taps Kevin Warsh to lead the Federal Reserve President Donald Trump plans to nominate ... See more

Kevin Warsh (center) is President Trump's pick to lead the Federal Reserve. Warsh is a former Fed governor who has echoed the president's call for lower interest rates. Tasos Katopodis/Getty Images hide caption toggle caption Tasos Katopodis/Getty Images ... See more

President Trump plans to nominate former central banker Kevin Warsh to be the next chair of the Federal Reserve, in hopes that Warsh will follow his roadmap towards much lower interest rates. Warsh served on the Fed's governing board from 2006 to 2011 aft... See more

President Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, in hopes that Warsh will follow his roadmap towards much lower interest rates. Trump has repeatedly complained that the current Fed Chairman, Jerome Powell, is too ... See more

LEILA FADEL, HOST: The cost of borrowing money is holding steady for now. STEVE INSKEEP, HOST: Policymakers at the Federal Reserve voted to leave interest rates unchanged this week. The Fed is trying to strike a balance between keeping interest rates high... See more