This morning, President Trump made a huge announcement, one that could impact the economy for years to come.

What's the big news today, Nick?

Well, the big news is that Kevin Warsh will be the next Fed chair.

Our colleague Nick Timrose covers the Federal Reserve.

We've been waiting for months, really.

It was really, you know, a pageant.

It was like an episode of his old TV show, The Apprentice.

I called it the Apprentice Fed Edition because he had everybody

sort of guessing. They started with 11 candidates and then they whittled it down to four that got

to interview with Trump. And there was some swirl of intrigue this week. But in fact, the person

that Donald Trump picked, Kevin Warsh, is the person that a lot of people thought

was gonna get it from the very beginning.

And what do you make of this choice, Kevin Warsh?

Kevin Warsh is a Fed insider turned critic.

He is an establishment Republican turned Trump supporter.

This isn't the first time you've heard me in the last decade say,

we need regime change at the Fed.

He spent five years at the central bank,

beginning 20 years ago, so he knows the Fed.

But he's also been a vocal advocate recently for Donald Trump's policies.

The question I think a lot of people on Wall Street are going to ask in the coming days and weeks is,

which Kevin Warsh ends up being the Fed chair?

...