Warren Buffett has publicly endorsed Kevin Warsh as the new Federal Reserve chairman, calling the appointment a "good choice" for the central bank.
The Berkshire Hathaway chairman’s comments, made in an interview with CNBC, offer a rare high-profile validation of President Donald Trump’s selection just weeks after Warsh assumed the role.
Handelsavisen previously reported that a Fed work group is being established to overhaul the 'ample reserves' framework under Warsh’s direction.
Warsh’s first meeting as chair in June saw him hold interest rates steady while outlining significant changes to the Fed’s operating procedures.
The new leadership has signaled a decisive break from previous market expectations for an immediate easing cycle, instead focusing on structural reforms within the central bank.
Handelsavisen previously reported that a Fed work group is being established to overhaul the 'ample reserves' framework under Warsh’s direction.
Buffett’s support may help stabilize market sentiment as investors adjust to the new policy regime.