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'Surprised by market reaction to Kevin Warsh's nomination to the US Fed'
The dollar, said Aditya Bhave, senior US economist at BofA Global Research, will most likely remain the world's reserve currency.
Who is Kevin Warsh, Trump's pick to succeed Powell as Fed chair?
US President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to lead the central bank after Jerome Powell steps down in May
Fed nominee Powell supports outgoing chair Yellen's focus on jobs
Powell said the Fed needed the capacity 'to respond decisively and with appropriate force' to new threats to the economy
