Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank• Business live – latest updatesDonald Trump has announced Kevin Warsh as his nomination for the next chair of the Federal Reserve, selecting a candidate who has been an outspoken critic of the US central bank.The move ends months of speculation about who the president would pick to replace Jerome Powell , as he waged an extraordinary campaign to influence policymaking at the Fed by repeatedly calling for rate cuts. Continue reading...