FED CHAIR CONFIRMATION DRAMA
Trump's Fed chair pick Kevin Warsh vows to safeguard independence at confirmation hearing
Kevin Warsh, Donald Trump's choice to lead the US Federal Reserve, vowed Tuesday to protect central bank independence at his confirmation hearing, despite intense pressure from the president..
US Stock Market: Warsh signals push for smaller Fed balance sheet with Treasury coordination
Kevin Warsh signalled a shift in Federal Reserve policy, advocating a smaller balance sheet coordinated with the U.S. Treasury. He emphasised gradual reduction and improved communication, while raising concerns about market distortions and political risks. His approach could reshape monetary policy and influence interest rates and liquidity conditions in the coming years.
Dollar at week high as markets raise doubts over Iran ceasefire
On the policy front, Federal Reserve nominee Kevin Warsh's comments at a Senate confirmation hearing were interpreted as slightly hawkish, while strong retail sales data provided an upbeat view on the strength of the American economy.
US stocks today: US markets plunge as Middle East concerns offset earnings optimism
US markets saw a dip as American stocks fell. Early gains vanished due to renewed worries about the Middle East conflict. This overshadowed positive corporate earnings and strong retail sales figures. Investors are closely watching developments in Iran. The market sentiment remains cautious amid geopolitical uncertainties.
Why did Bitcoin price (BTC USD) and crypto stocks fall today after Fed chair nominee Kevin Warsh's hearing? Here's what he said about Trump, Fed independence and interest rate decisions
Bitcoin price (BTC USD) and crypto stocks today: Crypto markets saw a dip on Tuesday. Investors reacted to Fed nominee Kevin Warsh's Senate testimony. Warsh stressed central bank independence and denied any pressure from Trump on interest rates. He also acknowledged digital assets as part of the financial system. Broader markets and crypto stocks also moved lower.
- Go To Page 1
Trump's Fed nominee Kevin Warsh calls for 'regime change' at Fed, new inflation approach
The hearing quickly turned contentious, and the pace of Warsh's confirmation process through the Senate remained in doubt.
US Fed chair nominee Kevin Warsh says he will not be controlled by Trump
Kevin Warsh, nominated for the Federal Reserve leadership, assured senators he would maintain central bank independence and not be controlled by President Trump. Despite Trump's pressure for lower interest rates, Warsh emphasized his commitment to independent monetary policy and addressing inflation concerns. His confirmation hearing is a crucial step amid ongoing investigations into other Fed officials.
Kevin Warsh net worth: How rich is the Fed chair nominee facing scrutiny?
Kevin Warsh net worth: His personal wealth is under scrutiny as he prepares for a Senate confirmation hearing. His disclosed assets range from $135 million to $226 million. This makes him a potentially very wealthy Federal Reserve leader. He has extensive investments and consulting income. His confirmation faces political hurdles despite his financial standing.
US Stock Market: Warsh faces Senate test as Fed independence and rate policy take centre stage
Kevin Warsh faces a crucial Senate hearing as lawmakers assess his views on monetary policy, inflation and central bank independence. Nominated to succeed Jerome Powell, Warsh must address concerns over his record and evolving stance on interest rates, with the outcome set to influence the Federal Reserve’s future direction and credibility.
US Fed nominee Warsh commits to central bank's independence, with limits
Kevin Warsh, Donald Trump's nominee for Federal Reserve Chair, will assure lawmakers of his commitment to monetary policy independence. He also plans to address non-monetary Fed functions and push for reforms, arguing the institution must "stay in its lane" and prioritize price stability to maintain its independence.
Perfect Crown episodes 5-6 OTT release in India: When and where to watch IU and Byeon Woo-seok’s most-watched romantic Korean series? Plot, cast and more
Perfect Crown, a new K-drama, is quickly gaining popularity among viewers worldwide. Featuring IU and Byeon Woo-seok, the show brings romance with a royal backdrop in a modern setting. New episodes are released every week, and the finale is set to air on May 16. Fans are now eagerly waiting to see how the story unfolds. Read on!
Fed nominee Warsh prepares for monetary policy road test before Senate panel
After more than a decade criticizing the U.S. central bank, former Federal Reserve Governor Kevin Warsh faces a mark-to-market moment in a Senate hearing on Tuesday when lawmakers will likely press the Fed chief nominee to flesh out his monetary policy and economic ideas and calls for fundamental change.
US Federal Reserve nominee Kevin Warsh faces Senate test on monetary policy
Kevin Warsh faces a crucial Senate hearing for the Federal Reserve chief nomination. Lawmakers will question his economic ideas and monetary policy. Warsh, a former Fed governor, has been a vocal critic of the central bank. His nomination comes amid intense scrutiny of the Fed's independence and calls for significant changes to its operations.
5 world market themes for the week ahead
Markets are optimistic as U.S. President Trump signals an end to the Iran war. Talks may resume soon. However, upcoming economic data could show slowing business and rising prices. Investors also await the Federal Reserve nominee's Congressional hearing. Tesla earnings are also a key focus for U.S. corporations this week.
Gold eyes fourth weekly gain on hopes of US-Iran peace deal
Gold prices held steady, nearing a fourth weekly gain as hopes for a U.S.-Iran peace deal eased inflation and interest rate concerns. A ceasefire between Lebanon and Israel, coupled with potential weekend talks between the US and Iran, boosted optimism. Despite stable U.S. unemployment claims, employers remain cautious due to the ongoing conflict.
All eyes on the Fed: April meeting date and rate decision predictions
Fed interest rate decision April 2026: As the Federal Reserve's April 28-29 meeting looms, interest rates are expected to hold steady for a third consecutive time. Officials are navigating inflation risks from the Iran war against economic uncertainty. Added scrutiny surrounds Chair Jerome Powell's potential exit and the political hurdles facing his successor.
Donald Trump threatens to fire Fed Chair Jerome Powell after May 15, $3–4 billion building probe and Senate delay deepen crisis
US President Donald Trump has warned he may remove Jerome Powell after May 15. The issue is linked to interest rates, a costly building project, and an ongoing investigation. Delay in confirming a new chair is making things unclear. The situation is creating tension around the Federal Reserve leadership and future decisions.
Trump says ‘I’ll have to fire’ Fed Chair Powell if he doesn’t step down on time
President Donald Trump has issued a stern warning to Federal Reserve Chair Jerome Powell. Trump stated he will fire Powell from his position on the Fed's Board of Governors if Powell does not step down when his term as Fed chief concludes. This action intensifies a significant conflict surrounding the central bank's leadership.
White House favours former deputy surgeon general to lead CDC, Washington Post says
The White House is considering Erica Schwartz to lead the CDC amid ongoing leadership changes, with additional senior appointments also under review.
Trump's Fed chair nominee to face Senate confirmation hearing next week
US President Donald Trump's choice for central bank chair is set to face a confirmation hearing next Tuesday, in a nomination some have criticized as an attempt to take over the Federal Reserve. Elizabeth Warren, the top Democrat on the committee, "There should be no hearing or vote in the Senate on Kevin Warsh's nomination while the President continues his attempt to take over the Fed."
Kevin Warsh net worth, Fed Chair race & confirmation delay: Why he’s making headlines
Kevin Warsh is in news as a top choice for Federal Reserve Chair. He is very rich and has worked in banking and government before. His selection is facing delay due to political issues and an ongoing investigation. The situation also involves criticism of current Fed Chair and interest rate decisions, making it an important financial and political story.
Bessent says confident that core inflation is going down, Fed will need to cut rates
U.S. Treasury Secretary Scott Bessent on Tuesday said he was quite confident that core inflation would continue to go down in the United States despite the Iran war, and repeated his call for the Federal Reserve to cut its interest rates.
US govt wants new Fed chair in place 'soon as possible': Treasury chief
The US administration wants Kevin Warsh in place as a new central bank chair "as soon as possible," with the existing chief's term coming soon to an end, Treasury Secretary Scott Bessent said Tuesday.
Fed nominee Kevin Warsh's financial disclosures point to over $100 million in assets
Kevin Warsh, the former Federal Reserve governor chosen by President Donald Trump to lead the central bank, has submitted financial disclosures that suggest he holds assets worth well over $100 million.
Load More
