The Globe and Mail reports in its Saturday, Jan. 31, edition that President Donald Trump says he will tap former Federal Reserve governor Kevin Warsh as the next Fed chair to replace Jerome Powell in May. An Associated Press dispatch to The Globe reports that despite Mr. Warsh's traditional qualifications for leading the central bank, he is stepping into the role during an unusual time, as Mr. Trump has expressed a desire for the new chair to align interest rate cuts with the White House's preferences. "He's very smart, very good, strong, young, pretty young," Mr. Trump told reporters on Friday about Mr. Warsh. "He was the central casting guy that people wanted." The President added, "Looks don't mean anything, but he's got the look." Rate cuts of the degree sought by Mr. Trump could temporarily boost growth, but they also pose the risk of overheating the economy at a time when inflation is already elevated and affordability is a top concern for much of the American public. Mr. Warsh was previously a runner-up for the Senate-confirmed post of Fed chair in 2017, when Mr. Trump selected Mr. Powell to lead the central bank. Mr. Trump has since said he was given bad advice regarding Mr. Powell.