Scott Bessant's influence on the choice

Kevin Warsh, who President Donald Trump announced last week as his pick to become the next Federal Reserve chair, has an extensive background that has earned the respect of the financial world. He worked at Morgan Stanley, was a member of the Bush White House and is a Fed alum. He has spoken forcefully about the importance of the Fed’s independence. But Trump has said that he wants loyalty. Playbook’s Jack Blanchard and White House Bureau Chief Dasha Burns discuss how Warsh’s past might be in conflict with his future post. Plus, the government is reopened — with a new shutdown countdown clock already ticking away.