<h1>Federal Reserve chair nomination could shift central bank independence and influence rate policy after Senate confirmation process.</h1> Announcement of a nomination to lead the central bank focuses on potential politicization of monetary policy and the diminution of institutional independence. The nomination requires Senate confirmation, which will determine whether the nominee assumes a governing board seat and may be elevated to chair; this affects governance and regulatory oversight immediately. The text highlights the nominee's prior tenure, evolving views on interest rates, and alignment with the executive's economic agenda, which could influence rate-setting deliberations and the balance within the rate-setting committee; financial-market reactions and institutional constraints may limit aggressive policy shifts despite presidential preferences.