Questions About Fed Leadership Arise As Kevin Warsh Nomination Faces Scrutiny Political gridlock over top economic appointments is raising questions about stability at the Federal Reserve. International Business Times · Apr 21
Stocks Erase Early Gains as Crude Prices Jump on Iran Concerns The S&P 500 Index ($SPX ) (SPY ) today is down -0.13%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.13%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.02%. June E-mini S&P futures (ESM26 ) are down -0.13%, and June E-mini Nasdaq futures... Barchart · Apr 21
Trump’s pick to replace Fed chair Jerome Powell faces Senate confirmation hearing IN FULL The Independent UK · Apr 21
Dollar Climbs on Strong US Economic Reports The dollar index (DXY00 ) today is up by +0.09%. The dollar is climbing today on a stronger-than-expected US Mar retail sales and Mar pending home sales reports. The dollar also has support on signs that Fed Chair nominee Kevin Warsh will support an independent Fed and prioritize low inflation.... Barchart · Apr 21
Stocks Supported by Signs Iran Will Attend Peace Talks The S&P 500 Index ($SPX ) (SPY ) today is up +0.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.20%. June E-mini S&P futures (ESM26 ) are up +0.25%, and June E-mini Nasdaq futures... Barchart · Apr 21
Warsh vows Fed independence; Democrats assert financial conflicts Kevin Warsh, the nominee to be next chairman of the Federal Reserve, promised senators Tuesday that the central bank would maintain its independence from the White House under his leadership and that he would divest assets that raised conflict-of-interest concerns among Democrats. Warsh tried to reassure lawmakers at the Senate… Roll Call · Apr 21
Fed nominee grilled on Epstein links and 2020 election conspiracies in hearing to replace Jerome Powell: recap President’s pick for Federal Reserve chairman faces key hurdles and tough questions from Senate Banking Committee The Independent UK · Apr 21
Inside Kevin Warsh's opening statement: Inflation is a choice, independence is essential, and a couple of notable name drops “I do not believe the operational independence of monetary policy is particularly threatened when elected officials state their views on interest rates.” Fortune · Apr 21
Stock Index Futures Gain on Hopes of U.S.-Iran Talks, Retail Sales Data and Warsh Hearing on Tap June S&P 500 E-Mini futures (ESM26) are up +0.35%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.40% this morning on hopes for further U.S.-Iran talks that could advance a Middle East peace deal. Barchart · Apr 21
Kevin Warsh: Trump’s ideal choice to push Fed to cut interest rates Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liability The Guardian - US · Apr 21
What to look for in Kevin Warsh's big day on Capitol Hill Republicans are set to cast Kevin Warsh as a change agent. Axios · Apr 21
Kevin Warsh Fed Chair Nomination: Updates and Commentary On May 13, the Senate confirmed Kevin Warsh as the next Fed chair. Kiplinger · Apr 20
Stocks Settle Lower on Doubts Over a Middle East Peace Deal The S&P 500 Index ($SPX ) (SPY ) on Monday closed down -0.24%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.01%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.31%. June E-mini S&P futures (ESM26 ) fell -0.22%, and June E-mini Nasdaq futures... Barchart · Apr 20
Hormuz Tension Snaps Nasdaq Win Streak: Stock Market Today It's going to take more than exchanges of social media posts to establish a lasting peace in a historically volatile part of the world. Kiplinger · Apr 20
Roll Call · Apr 20 Fed chair nominee Warsh to field questions about Fed independence Republicans and Democrats on the Senate Banking Committee appear poised to question Kevin Warsh, the nominee to be the next chairman of the Federal Reserve, on the central bank’s independence — but from different angles — during a hearing scheduled for Tuesday. Ranking member Elizabeth Warren is also expected to question…
Fortune · Apr 20 It’s crunch time for Kevin Warsh: Here’s how he might try to begin selling the idea of rate cuts. It requires some complex economic gymnastics “In a way, one can afford a lower interest rate with a smaller balance sheet.”
Barchart · Apr 20 Stocks Set to Open Lower as Oil Jumps After U.S.-Iran Tensions Flare Up; Economic Data and Earnings Awaited June S&P 500 E-Mini futures (ESM26) are down -0.42%, and June Nasdaq 100 E-Mini futures (NQM26) are down -0.43% this morning, pointing to a lower open on Wall Street as oil prices surged following a weekend flare-up in U.S.-Iran tensions.
Roll Call · Apr 20 This week: Senate girds for budget vote-a-rama in busy week for Congress The Senate faces an expected budget vote-a-rama this week as Republicans seek to start the process of funding immigration enforcement without the support of Democrats. A resolution from Senate Budget Chairman Lindsey Graham, R-S.C., is expected to provide instructions for roughly $70 billion for Immigration and Customs Enforcement and Customs…
The Mary Sue · Apr 17 ‘I’m not very tauntable’: It’s a Fed Chair nightmare for Trump where one Republican’s ‘no’ could spell disaster for Kevin Warsh Sen. Thom Tillis is making it crystal clear he’s not backing down in his standoff with the administration over Federal Reserve Chair Jerome Powell. The outgoing North Carolina Republican is blocking the confirmation of President Donald Trump’s Fed chair nominee, Kevin Warsh, until the Justice Department drops its investigation into…
The Guardian - US · Apr 16 Senate Democrats move to stall Trump’s ‘absurd’ bid to install new Fed chair Democratic lawmakers urged Republican leaders to postpone the confirmation hearing of Kevin Warsh
Fortune · Apr 16 Everyone was wondering what Trump wanted more: Warsh smoothly seated at the Fed, or for Powell to pay. We have our answer Republican sources told Fortune it was unlikely Warsh himself would be the cause of any vote against his candidacy, while Democrat sources say there is little he could do to convince critics that he isn’t a puppet of the White House.
The Guardian - US · Apr 16 Trump news at a glance: president renews threats against federal reserve chair, pushes his replacement Trump reiterated his claim that Powell is doing a ‘bad job’ as justice department continues with criminal investigation into Powell over renovations at the Fed’s headquarters – key US politics stories from 15 April at a glance
Fortune · Apr 15 Fed chair nominee Kevin Warsh is worth more than $100 million and has stakes in SpaceX and Polymarket Ahead of Warsh’s confirmation hearing next week, he disclosed his financial holdings.
International Business Times · Apr 15 Trump Says He 'Will Have to Fire' Jerome Powell If He Stays at the Fed After His Term Expires President Donald Trump said that he would fire Federal Reserve Chair Jerome Powell if he remained at the central bank after his term as chair expires next month.
The Guardian - US · Apr 15 Trump threatens to fire Fed chair Jerome Powell amid pressure campaign US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in May