Stock and bond markets were unfazed by Kevin Warsh’s nomination as the next Fed chair, with the S&P 500 lower on Friday.

If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.

© Tierney L. Cross/Bloomberg

Stock and bond markets were unfazed by Kevin Warsh’s nomination as the next Fed chair, with the S&P 500 lower on Friday.

The president’s choice to lead the Federal Reserve is a financier and former governor of the central bank.

© Pool photo by Alastair Grant

If confirmed by the Senate, Kevin M. Warsh, a former governor at the central bank, will replace Jerome H. Powell, whose term as chair ends in May.

© Tierney L. Cross/Bloomberg