2nd LD Writethru: Trump nominates Kevin Warsh as next Fed chair

NEW YORK, Jan. 30 (Xinhua) -- U.S. President Donald Trump announced on Friday that he is nominating Kevin Warsh, a former Federal Reserve governor, to be the next chair of the central bank.

The nomination, which came two days after the Fed's decision to keep the federal funds rate unchanged at 3.5 percent to 3.75 percent, needs to be confirmed by the U.S. Senate.

"I have known Kevin for a long period of t