Read our Privacy noticeKevin Warsh, President Trump’s pick to lead the Federal Reserve, is a “hard money hawk” who has previously called for “regime change” at the Fed. Trump formally announced Warsh, 55, as his pick in a Truth Social post on Friday morning, where he listed the former Morgan Stanley exec’s extensive resume. Crucially for Trump, he has agreed that the Federal Reserve should be more aggressive in cutting interest rates. open image in gallery The DOJ opened a criminal investigation into Federal Reserve Chairman Jerome Powell — a frequent target of Trump’s ire. Perhaps most importantly, he has personal connections to the president: Warsh is married to Jane Lauder, a billionaire granddaughter and heiress of Estée Lauder, and his father-in-law, Ronald Lauder, is a long-time friend of Donald Trump.