Western media reports that the US Federal Reserve will be headed by Kevin Warsh, whose candidacy for the post of head of the regulator Trump considered during his first term, but then favored Jerome Powell, according to Logos Press.

The conflict between US President Donald Trump and Central Bank Governor Jerome Powell has reached a new level – the Justice Department has served the central bank with subpoenas and threatened to bring criminal charges in connection with the renovation of the Fed’s buildings, Logos Press reports.

At its last meeting of the year, the US Federal Reserve cut its benchmark interest rate by 25 basis points to 3.5-3.75%, Logos Press reported.
