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Long-term yields ticked up after president nominated former governor to lead US central bank
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President announces former Fed governor as his nominee to succeed Jay Powell
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President Trump announced Kevin Warsh as his nominee to succeed Jerome H. Powell as chair of the Federal Reserve. Our reporter Colby Smith explains why the choice matters for the economy.
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Trump Administration Live Updates: Senate Passes Spending Package but Partial Shutdown Looms The New York TimesSenate passes funding deal, but government will still partially shutdown at midnight CNBCSenator Andy Kim's Statement on Voting No on the DHS Funding Deal Insider NJTrump-backed funding bill clears the Senate, putting pressure on House to quickly end shutdown CNN
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Mortgage rates didn't move after President Donald Trump announced his pick of Kevin Warsh as the next Federal Reserve chair.
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Platinum also plummets as Trump picks Warsh as next Fed chair
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More than a thousand Utahns protest ICE in Salt Lake City during ‘National Shutdown' The Salt Lake TribuneHow two federal agents escalated an encounter with Alex Pretti into a deadly shooting CNNShooting Aftermath Leaves Homeland Security Department in Turmoil The New York TimesTrump calls Alex Pretti an 'insurrectionist' and 'agitator' after new video of ICU nurse emerges NBC NewsBattles Are Raging Inside the Department of Homeland Security
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Trump Called for ‘De-Escalation' in Minneapolis. It Didn't Last Long. The New York TimesAhead of midterms, Democrats mobilize around immigration, anti-ICE sentiment CBS NewsTrump is scared of the politics of ICE. And it's showing. CNNThe government's winter of discontent Federal News NetworkOperation Trump Rehab The New Yorker
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Warsh would replace current chair Jerome Powell when his term expires in May.
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The decision to nominate Brett Matsumoto, a career government economist, came six months after the president fired the previous commissioner.
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Pushed by Trump, US allies are resetting relations with China AP NewsWorld leaders flock to Beijing, hedging against U.S. disruptions CNBCUnnerved by Trump, U.S. allies are making nice with China NBC NewsAlienated by Trump, U.S. allies turn to China and India for trade deals PBS
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The dollar dropped about 1.3% on Tuesday.
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