Trump's Fed pick Warsh serves on board of firm at center of US-South Korea trade spat

By Andrea Shalal WASHINGTON, Jan 30 (Reuters) - Kevin Warsh, President Donald Trump's pick to head the Federal Reserve, has earned over $1 million since 2020 as a member of the board of e-commerce company Coupang,

Stock market today: Dow, S&P 500, Nasdaq slide to cap volatile week and month, metals sink after Trump taps Warsh for Fed

US stocks slid on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and a screeching halt to 2026's roaring metals rally.

This is what Trump believes Warsh wants to do with interest rates

President Donald Trump told reporters Friday that Kevin Warsh didn't commit to cutting interest rates in their conversations, but that he knows what his nominee for Fed chair wants to do. "He certainly wants to cut rates,