- President Trump has nominated Kevin Warsh to lead the Federal Reserve.
- Warsh previously served on the Federal Reserve Board of Governors.
- The nomination requires Senate approval, following disagreements between Trump and current Chair Powell.

A: Hey Hana-chan! Did you hear any news today?

B: Oh, hi Kenji! No, not really. What's up?

A: Well, President Trump wants a new person to lead the Federal Reserve.

B: The Federal Reserve? What does that even do?

A: Basically, they control interest rates. And the current leader, Jerome Powell, is leaving in May.

B: Okay... and who’s replacing him?

A: Kevin Warsh! He used to work there before, actually.

B: Wow, that’s a big deal, right?

A: Totally! He needs to be approved by the Senate first.

B: So, why is Trump changing it? Is something wrong?

A: He and Powell didn't agree on things. Trump wants lower interest rates.

B: Ah, I see! So Warsh probably agrees with Trump then?

A: Seems like it! He supports those interest rate cuts too.