- President Trump has nominated Kevin Warsh to be the next Federal Reserve chair.
- Warsh, a former Fed governor, previously served under President George W. Bush and has a background in finance.
- His nomination requires lawmaker approval and comes as Trump has advocated for interest rate cuts.
A: Hey Hana, did you hear any news today?
B: Oh, hi Kenji! No, not really. What's up?
A: Trump wants to pick a new head for the Federal Reserve! It's a big deal.
B: Seriously? Who is it?
A: His name is Kevin Warsh. He used to work there before, too.
B: Wow! He sounds important. Trump seems really happy about it. He posted on social media!
A: Yeah, he called him the “best ever!” Pretty strong words, huh?
B: Definitely! So, why does Trump want a new person?
A: Apparently, he wants the Fed to lower interest rates more.
B: Oh, I see. Warsh seems to agree a bit more with that idea now.
A: Exactly! He has a lot of experience, he went to Harvard and worked at Morgan Stanley.
B: But does this mean the new person is guaranteed?
A: Not yet. Lawmakers have to approve him first. It’s not a sure thing.
B: Hmm, interesting! So, it's all a bit uncertain then?
A: Pretty much. We’ll see what happens!
- Warsh, a former Fed governor, previously served under President George W. Bush and has a background in finance.
- His nomination requires lawmaker approval and comes as Trump has advocated for interest rate cuts.
A: Hey Hana, did you hear any news today?
B: Oh, hi Kenji! No, not really. What's up?
A: Trump wants to pick a new head for the Federal Reserve! It's a big deal.
B: Seriously? Who is it?
A: His name is Kevin Warsh. He used to work there before, too.
B: Wow! He sounds important. Trump seems really happy about it. He posted on social media!
A: Yeah, he called him the “best ever!” Pretty strong words, huh?
B: Definitely! So, why does Trump want a new person?
A: Apparently, he wants the Fed to lower interest rates more.
B: Oh, I see. Warsh seems to agree a bit more with that idea now.
A: Exactly! He has a lot of experience, he went to Harvard and worked at Morgan Stanley.
B: But does this mean the new person is guaranteed?
A: Not yet. Lawmakers have to approve him first. It’s not a sure thing.
B: Hmm, interesting! So, it's all a bit uncertain then?
A: Pretty much. We’ll see what happens!
Similar Readings (3 items)
Summary: Trump selects Kevin Warsh as his nominee for next Fed chair
Summary: Trump said to announce Fed chair pick on Friday morning
Summary: Next US Fed chair pick expected soon
Summary
Trump nominated Kevin Warsh for Federal Reserve chair, a former governor with finance experience. The move follows Trump's call for interest rate cuts, and requires lawmaker approval. #FederalReserve #Trump #Warsh
Reading History
| Date | Name | Words | Time | WPM |
|---|---|---|---|---|
| 2026/02/01 07:39 | Anonymous | 223 | 89s | 150 |
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ID: 059fe669-279e-4f94-92da-92b530a3c9ef
Category ID: listed_summary
URL: https://www3.nhk.or.jp/nhkworld/en/news/20260131_N01/#summary
Date: Jan. 31, 2026
Notes: NHK News Summary - 2026-01-31
Created: 2026/01/31 12:40
Updated: 2026/02/01 07:39
Last Read: 2026/02/01 07:39