Trump nominates Federal Reserve critic Kevin Warsh as its next chair Pick of former Fed governor to replace Jerome Powell comes as White House seeks to tighten grip on central bank The Guardian - US · Jan 30
Trump poised to nominate US central bank chair amid feud over rate cuts Speculation that former Federal Reserve governor Kevin Warsh is the president’s top choice was helping lift the US dollar on Friday morning. The Independent UK · Jan 30
‘Hard money hawk’ Kevin Warsh is nominated by Trump to replace Powell as Fed Reserve chair The finance wunderkind has previously called for “regime change” at the Fed, and has close family connections to President Trump The Independent UK · Jan 30
Donald Trump expected to nominate Kevin Warsh as US Federal Reserve chair Choice of former Fed governor to succeed Jerome Powell comes amid attack on central bank’s independence The Guardian - UK · Jan 30
Warsh's path to Fed chair may face even GOP obstacle in Senate President Trump says he'll nominate Kevin Warsh, a Federal Reserve Board member from 2006 to 2011, to be the next chairman. Roll Call · Jan 30
Who is Kevin Warsh? Secret White House meeting with Trump that made him lead Fed Chair race Kevin Warsh is the top choice to become the next Federal Reserve Chair. President Donald Trump is expected to announce his decision soon. This potential change is creating market buzz and debate about the Fed's future. Warsh's views on monetary policy and economic strategy are key. His nomination could signal… The Times of India · Jan 30
Trump expected to nominate Kevin Warsh as Fed chair on Friday morning Despite his former reputation as an inflation hawk, Warsh has shown support for lower rates in recent months, suggesting he is more likely to align with the president than Jerome Powell. Euronews · Jan 30
Nasdaq Drops 172 Points on MSFT AI Spend: Stock Market Today Microsoft, Meta Platforms and a mid-cap energy stock have a lot to say about the state of the AI revolution today. Kiplinger · Jan 29
What is behind the extraordinary rise in investment into silver and gold? Experts say factors including Trump’s aggressive policies and pressure on the dollar are pushing investors toward ‘safe haven’ of precious metals The Guardian - UK · Jan 29
Mixed day for stocks as Trump hits out at Fed chief for refusal to cut rates The FTSE 100 index closed up 17.33 points, 0.2%, at 10,171.76. Evening Standard · Jan 29
Tillis 'unleashed' A stream of honesty from the retiring Sen. Thom Tillis has turned into an increasingly personal back-and-forth with the president. Roll Call · Jan 29
Trump sends a message to next Fed chair, says deal ‘close’ on funding President Trump let his coming Federal Reserve chair nominee know he expects a big interest rate cut later this year. Roll Call · Jan 29
Jerome Powell got a direct question about the U.S. ‘losing credibility’ and the soaring price of gold and silver. He punted Gold is up 84% year over year, and silver by a stunning 245%, but the Fed chair is looking elsewhere. Fortune · Jan 29
Gold tops $5,500, silver rises while Powell downplays metal rally The dollar slipped to a 4-year low, while gold and silver surged to further record highs, after Fed Chair Powell downplayed their macro signal. Euronews · Jan 29
The Independent UK · Jan 29 Trump says Jerome Powell is ‘hurting our country’ as president finally weighs in on Fed’s plan for interest rates President demands ‘LOWEST INTEREST RATE OF ANY COUNTRY IN THE WORLD’ regardless of economic indicators
Barchart · Jan 29 Stocks Rise Before the Open as Investors Weigh Big Tech Earnings, U.S. Economic Data and Apple Results in Focus March S&P 500 E-Mini futures (ESH26) are up +0.17%, and March Nasdaq 100 E-Mini futures (NQH26) are up +0.19% this morning as investors digest earnings reports from big U.S. tech companies.
Kiplinger · Jan 28 S&P 500 Tops 7,000, Fed Pauses Rate Cuts: Stock Market Today Investors, traders and speculators will probably have to wait until after Jerome Powell steps down for the next Fed rate cut.
Fortune · Jan 28 Jerome Powell says Fed independence isn’t lost … yet. ‘I certainly hope we won’t’ lose it Powell made clear he believes the Fed can remain independent despite attacks from the Trump administration.
Euronews · Jan 28 Federal Reserve keeps interest rates unchanged in defiance of Trump who wants them lowered When the Fed reduces its key rate, it tends to lower borrowing costs for things like mortgages, car loans and business borrowing, though those rates are also influenced by market forces.
Fortune · Jan 28 Fed holds rates at an unusual moment: Stocks at record highs, dollar under pressure, and Powell in the crosshairs Two governors dissented in favor of a cut, including Christopher Waller, a top contender for the chairmanship to replace Powell.
The Guardian - US · Jan 28 Federal Reserve holds interest rates as Trump piles on pressure Fed voted to pause cuts to interest rate, which currently sits between 3.5% and 3.75%, after slashing it three times in fall
Barchart · Jan 28 What to Expect on Fed Wednesday While Chairman Powell is expected to announce the Fed fund rate stays unchanged later Wednesday, other markets indicate what the rest of the world thinks of the US situation.
Barchart · Jan 28 Nasdaq Futures Rally as ASML Provides a Boost, Fed Decision and Big Tech Earnings Awaited March Nasdaq 100 E-Mini futures (NQH26) are trending up +0.88% this morning as a sharp increase in orders at ASML provided fresh momentum to the AI trade.
The Guardian - UK · Jan 28 US dollar sinks to its lowest level in four years Dollar drops against basket of currencies after Donald Trump brushed off concerns over slide