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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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ICE eyeing Ohio next, where it is expected to target Haitian immigrants MS NOWHaitian community in Springfield prepares for end of Temporary Protected Status, potential ICE operations 10tv.comSen. Moreno says Haitians in Ohio should have self-deported already The Statehouse News BureauTPS Expiration Under Trump Hits Haitian Workers in Critical Health Care Roles The New York Times
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Warsh would replace current chair Jerome Powell when his term expires in May.
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Platinum also plummets as Trump picks Warsh as next Fed chair
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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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Nationwide protests begin over ICE in Minneapolis amid mixed messages from Trump ReutersNo work, no school, no shopping: Jan. 30 nationwide general strike to protest ICE gains celebrity endorsements Business InsiderProtesters Denounce Trump Immigration Tactics in ‘National Shutdown' The New York Times‘ICE Out' strike and protests: what to know about demonstrations across the US The GuardianSome Seattle-area businesses close as part
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The NEC director, once considered a clear frontrunner for the next Fed chair, said he is fine with his current role.
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Trump commerce secretary Howard Lutnick arranged to visit Epstein island, files show The GuardianCommerce Secretary Howard Lutnick visited Epstein's 'Pedo Island', emails released by DOJ reveal New York Post???? LUTNICK SAID HE CUT OFF EPSTEIN IN 2005, FILES SAY NAH Howard Lutnick claimed he swore he'd "never be in a room with that disgusting person ever again," after 2005. But newly unsealed DOJ docs show he met with him after that. So… what chan x.comDOJ Releases Huge New Tranche of Jeffrey Epstein Files: Live Updates Newsweek
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The lawsuit by a sitting president against the government he leads puts Trump in a highly unusual position in the case.
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The Wall Street veteran once held hawkish views on interest rates but has recently signaled a stance more in line with the president's public demands.
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Scoop: Saudi defense minister says Trump not bombing Iran would embolden regime AxiosView Full Coverage on Google News
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Trump says U.S. will decertify Canadian-made planes, threatens 50% tariff The Washington PostTrump Threatens Canada Over Business Jet Dispute The New York TimesBombardier stock dives on Trump threats of 50% tariff on Canadian planes Al JazeeraTrump threatens new 100% tariffs on Canada over possible trade deal with China CNN
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President Donalf Trump nominates Kevin Warsh as new Fed chair, potentially affecting interest rates and the economy
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Federal Reserve governor Chris Waller, who was one of President Donald Trump's finalists as the next central-bank chief, said Friday that the Fed should have cut interest rates this week because of a poor U.S. job market.
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President Donald Trump has selected Kevin Warsh to serve as the next chair of the Federal Reserve, putting a well-known critic of the U.S. central bank in its top job.
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President Trump has been pressing the Federal Reserve to cut interest rates more aggressively, but the central bank voted to hold rates steady for now, as it tries to bring down inflation.
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