President Trump plans to announce on Friday that he will name Kevin Warsh, the former Federal Reserve governor, replace Jerome Powell as Federal Reserve chair, The Post has learned. 3 Kevin Warsh, former governor of the US Federal Reserve, is expected to be named the next Fed chair, The Post has learned. A press official had no immediate commentAfter meeting with Warsh on Thursday, Trump told reporters that he planned to reveal his Fed chair pick on Friday morning. 3 US Federal Reserve Chair Jerome Powell has clashed with Trump. Just a few weeks ago, National Economic Council chair Kevin Hassett was seen as the odds on favorite to replace Jerome Powell, whose term ends in May.