What Trump's appointment of Kevin Warsh could mean for interest rates this year

After President Trump on Friday nominated former Federal Reserve governor Kevin Warsh to lead the central bank, market participants quickly began speculating what his chairmanship would mean for the path of interest rates this year.
If confirmed by the Senate, Warsh will face a deeply divided Fed at a time when the 19-member committee has set up the potential for a long pause in cutting rates. Many members feel the central bank has done enough to shore up concerns about softening job growth with three rate cuts