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Some Fed watchers say the choice of Warsh means it's more likely that Powell will continue to stand in Trump's way.
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Mr. Warsh is known as a consensus builder, skills he will need if he is to head the Federal Reserve when President Trump is demanding rock-bottom rates.
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The Treasury Secretary Scott Bessent tried to avoid providing President Trump with a clear recommendation to lead the central bank.
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Why Wall Street is unhappy with Trump's pick for Fed chair AxiosKevin Warsh Has a Tough Job Ahead. It's Not the First Time. The New York TimesKevin Warsh's Three Tasks: Shrink the Fed, Tame Inflation, Manage the President. The Wall Street JournalHow a Famed Economist Views Kevin Warsh for Fed Chair PoliticoWhy Gold and Silver Crashed After Trump Named Fed
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Trump Plotting to Supersize His Already Monstrous Arch The Daily BeastTrump wants to build a 250-foot-tall arch, dwarfing the Lincoln Memorial The Washington PostTrump wants to build 250ft Washington DC arch that dwarfs Lincoln Memorial - report The GuardianMonumental ambitions: the history behind Trump's triumphal arch The ConversationTrump now wants his triumphal arch to be 250ft tall, dwarfing other Washington, DC monuments
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Minnesota ICE surge upheld as judge finds 'balance of harms' lacking AxiosFederal Judge Denies Request to Temporarily Block ICE Surge in Minnesota The New York TimesJudge rejects bid to end Trump administration's immigration-enforcement surge in Minnesota PoliticoJudge denies Minnesota's request to end ICE surge in Minneapolis The GuardianFederal judge denies Minnesota's req
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TikTok Superstar Khaby Lame's Big Deal—Which Saw Him Valued At $6.6 Billion—Raises Red Flags, Experts Say ForbesGetting deported by Trump can't stop top influencer Khaby Lame from notching a $975 million deal—including the rights to his AI avatar FortuneTikTok Creator Khaby Lame Makes $975 Million Deal For His Brand The Hollywood ReporterFrom a factory job to a $900 million business deal: Khaby Lame's rise is almost unreal Yahoo Creators
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President announces former Fed governor as his nominee to succeed Jay Powell
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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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Warsh would replace current chair Jerome Powell when his term expires in May.
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The president accused Canada of blocking the sale of U.S.-made Gulfstream aircraft and said he would raise tariffs in the latest dispute to rock the once-chummy relationship.
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Venezuelan officials welcomed the announcement, which followed the U.S. capture this month of their president, Nicolás Maduro.
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The agency has been without a permanent leader since August when Trump fired its previous commissioner Erika McEntarfer over a weaker-than-expected jobs report.
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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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