Silver and gold prices fell sharply Friday, as investors signaled broad approval for Warsh, an experienced central banker and a monetary "hawk."

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, now at the center of trade tensions between the U.

Powell's term ends in May.

Former Secretary of State Dr. Condoleezza Rice discusses Kevin Warsh, her former student and President Donald Trump’s pick for Federal Reserve chairman, on ‘The Story.’

President Trump says he will announce his nominee for Federal Reserve chair Friday morning, as he presses the central bank to cut interest rates.

Trump said his pick "won't be too surprising to people."

President Trump is set to announce his choice to replace Jerome H. Powell as chair of the Federal Reserve, saying it is someone “known to everybody in the financial world.”

President Donald Trump has selected former Federal Reserve governor Kevin Warsh to serve as the next chair of the Fed, putting a well-known critic of the U.S. central bank in its top job. Trump made the announcement in a Truth Social post at 6:48 a.m. Eastern.

U.S. stocks were down after President Trump said he's choosing Kevin Warsh as his nomination to be the next Fed chair.

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.