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Opinion is divided over whether Warsh will align with the US president's views over how the Federal Reserve should be run.
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As President Trump warns that "we have a lot of very big, very powerful ships sailing to Iran right now," our national security correspondent David E. Sanger breaks down what to know.
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Kevin M. Warsh, whom Mr. Trump tapped to become the next chair of the Federal Reserve, could face fierce resistance if he tries to pursue substantially lower borrowing costs.
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Gold and silver prices plunged on Friday, following weeks of gains as investors poured money into safe havens.
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Pressure was building on Iran on Friday as President Donald Trump weighed a military strike on the Islamic Republic and the Treasury Department sanctioned several officials it said were responsible for the regime's brutal crackdown on its own people.
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Also, Kevin Warsh is Trump's pick to lead the Fed. Here's the latest at the end of Friday.
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Myanmar's junta-backed party has secured an overwhelming victory in the country's first elections since the military seized power in 2021. While the exercise was widely denounced as a sham, some in Myanmar hope it will inch the war-torn country closer toward democratic norms.
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The 55-year-old economist had been considered for Fed chair during Trump's first term.
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Some investors are worried that President Trump's nominee to run the Federal Reserve may not be a guaranteed "yes" on cutting interest rates.
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Time is running out for Iran to make a deal, President Donald Trump warned Wednesday, as he urged the Islamic Republic to negotiate on nuclear weapons or face the force of a "massive armada" of American ships."Like with Venezuela, it is, ready, willing, and able to rapidly fulfill its mission, with speed and violence, if necessary," Trump said in a post on Truth Social, adding that the fleet was "moving quickly, with great power, enthusiasm, and purpose."
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