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The Latest Breaking News from US Federal Reserve

Dollar Rallies and Precious Metals Plunge as Trump Picks Warsh for Fed Chair

The dollar index (DXY00 ) today is up by +0.53%. The dollar is climbing today after President Trump nominated Keven Warsh as the next Fed Chair. Mr. Warsh is seen as more hawkish than other Fed Chair candidates and often emphasized inflation risks during his tenure as a Fed Governor...

Barchart

Stocks Fall as Trump Nominates Warsh for Fed Chair

The S&P 500 Index ($SPX ) (SPY ) today is down -0.25%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.27%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.44%. March E-mini S&P futures (ESH26 ) are down -0.25%, and March E-mini Nasdaq futures...

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Trump Taps Kevin Warsh To Lead Fed

Plus: Shutdown averted? Pixar's NIMBY robot beavers, Amazon goes big on AI, and Trump wants to prop up home prices.

Reason

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The new Fed chair’s billionaire father-in-law is a friend of Trump’s from college and has business interests in Greenland

Trump’s pick of Kevin Warsh pairs an inflation hawk with a deep Trumpworld connection through Ronald Lauder, a friend to the president for 60 years.

Fortune

How Much Does the Average Rich Person Invest In Real Estate?

While many people own an individual home, the wealthy tend to hold more real estate. We took a look at how much the average rich person invests in real estate.

GOBankingRates

How will Donald Trump’s pick for US central bank chairman affect markets?

Former Fed governor Kevin Warsh has been nominated by Mr Trump to replace current chair Jerome Powell when his term ends in May.

Evening Standard

The New Fed Chair Was Announced: What You Need to Know

President Donald Trump announced Kevin Warsh as his selection for the next chair of the Federal Reserve, who will replace Jerome Powell.

Kiplinger

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Trump picks Warsh for Fed chair, testing US central bank independence

Trump has nominated former Fed governor Kevin Warsh to lead the central bank, a move that could signal a shift towards closer White House influence over monetary policy.

Euronews

Meet Trump’s next Fed Chair Kevin Warsh: He wants a back-seat central bank, a more bullish monetary policy, and for his dog to live a really long time

Trump confirmed Warsh as the Fed chair nominee Friday morning. Here’s what might be in store for the central bank.

Fortune

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

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

Stock Index Futures Slip as Trump Picks Warsh for Fed Chair

March S&P 500 E-Mini futures (ESH26) are down -0.40%, and March Nasdaq 100 E-Mini futures (NQH26) are down -0.47% this morning after U.S. President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair.

Barchart

‘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

Gold, Silver Slide Sharply After Record Rally as Profit-Taking Hits Markets

Gold and silver futures witnessed a sharp reversal on Friday as traders booked profits following Thursday’s record-breaking rally. On the Multi Commodity Exchange (MCX), silver futures fell 3.04 per cent, while gold declined 1.28 per cent, pressured by bearish global cues and a strengthening US dollar.

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The Independent UK

Ethiopia's national carrier cancels flights to Tigray region as fears grow of renewed fighting

Ethiopia’s national carrier cancelled flights to and from its troubled northern region of Tigray as fears grew of a renewed fighting between federal troops and regional forces

The Guardian - UK

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

Roll Call

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.

The Times of India

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…

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Euronews

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.

The Guardian - UK

Wall Street opens lower after Trump nominates Kevin Warsh as next Fed chair – as it happened

Rolling coverage of the latest economic and financial news

The Conversation

How the Supreme Court might protect the Fed’s independence by using employment law in Trump v. Cook

Most of the Trump administration’s legal disputes involving the firing of high-level officials deal with the scope of presidential power.

Kiplinger

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.

Barchart

Dollar Pressured by US Government Shutdown Concerns

The dollar index (DXY00 ) on Thursday fell by -0.14%. The dollar moved lower on Thursday amid concerns about a potential US government shutdown this weekend, and renewed US-Iran tensions are weighing on the dollar. Also, Thursday’s news showing the US Nov trade deficit rose more than expected to a...

The Guardian - UK

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

Evening Standard

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.

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