Business Rundown: The President's Fed Chair Pick & What That Means For You

After months of anticipation, President Trump has finally announced who he’d like to see lead the Federal Reserve, nominating Kevin Warsh to replace Chairman Jerome Powell.

Powell, whose term ends this May, has been a frequent target of the President's criticism for not cutting interest rates more aggressively.

Warsh—a former Fed Governor and current business professor at Stanford University—was frequently cited by Fox Business as a leading potential replacement. He has also previously called for "regime change" at the Fed.

Doug Holtz Eakin, the former director of the Congressional Budget Office and is now the president of the American Action Forum, joins FOX Business Network's Gerri Willis to discuss lingering questions about whether Warsh can be confirmed and what his nomination will mean for the Fed's future.

Then, Daniel Bunn, President and CEO of the Tax Foundation, explains to Gerri what American individuals and businesses can expect from the tax benefits of the Big Beautiful Bill, and why he is optimistic the law give the economy a boost.

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