One of the four finalists for Fed chair, Warsh has sided with Trump on cutting rates. The Trump administration is set to nominate Kevin Warsh, a former Federal Reserve governor, as the next Fed chair, Bloomberg reported Thursday, citing people familiar with the situation. His selection aligns with President Donald Trump’s push for lower interest rates ahead of current chair Jerome Powell’s term ending in May. Warsh served as Fed governor from 2006 to 2011, becoming the youngest appointee at age 35. Before joining the Fed, Warsh worked as a Morgan Stanley vice president from 1995 to 2002, then served as an economic policy aide in the Bush White House.