TRUMP FED PICK NEWS
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..
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.
Gold prices fall sharply as Trump extends Iran ceasefire, strong dollar and high rates add pressure
Gold prices went down a lot after the US extended the Iran ceasefire, which reduced market fear. A strong dollar and high interest rates also made gold less attractive for investors. Oil prices and inflation are still high, adding pressure. Markets remain uncertain, and gold may stay weak for now, even though it is still seen as a safe asset long term.
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.
Labor Secretary Lori Chavez-DeRemer is leaving Trump's Cabinet after abuse of power allegations
Chavez-DeRemer is the third Trump Cabinet member to leave her post after Trump fired his embattled Homeland Security Secretary Kristi Noem in March and ousted Attorney General Pam Bondi earlier this month. In a statement posted on social media, Chavez-DeRemer praised Trump and wrote, “I am proud that we made significant progress in advancing President Trump’s mission to bridge the gap between business and labor and always put the American worker first.”
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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.
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.
Iraqi Shi'ite leaders pick Bassem al-Badry as Prime Minister nominee: Report
Iraq's main Shi'ite political blocs have nominated Bassem al-Badry for prime minister. However, some officials dispute this selection, stating that discussions are ongoing. Another meeting is scheduled for Wednesday. This follows the withdrawal of Nouri al-Maliki, whose candidacy was opposed by US President Donald Trump.
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.
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.
Trump tariffs refunds start from Monday. Check timings, online portal, who can apply
Trump Tariffs Refunds: Importers and their brokers will be able to begin claiming refunds through an online portal.
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.
US stocks today: US stocks rally after Iran says Strait of Hormuz 'completely open'
Wall Street rallied sharply after Iran’s move to reopen the Strait of Hormuz eased supply concerns and boosted risk appetite, sending oil prices tumbling and lifting equities. The Dow, S&P 500 and Nasdaq all advanced, with tech and consumer stocks leading gains, while airline and cruise shares surged on improved outlook for travel demand.
ECB to quiz bankers about new Anthropic model risks
As European Central Bank regulators delve into the potential risks posed by new artificial intelligence models, bankers will be put under the microscope. These advanced technologies carry the ominous possibility of escalating cyber threats, leaving cybersecurity specialists on high alert. Across the Atlantic, British and American regulators echo these concerns.
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 Stock Market: Wall Street futures climb as traders cling to de-escalation hopes, await earnings
U.S. stock index futures rose on Tuesday as traders held onto hopes of a de-escalation in the Middle East conflict, while awaiting March producer price data and a fresh round of corporate earnings.
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