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The Latest Breaking News from Thom Tillis

The S&P 500 Index ($SPX ) (SPY ) today is unchanged, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.09%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.10%. June E-mini S&P futures (ESM26 ) are down -0.02%, and June E-mini Nasdaq futures (NQM26...

Barchart

Pete Hegseth Faces GOP Revolt as Senators Warn of 'Hollowing Out' at Pentagon

Senate Republicans are turning on Defence Secretary Pete Hegseth, accusing him of hollowing out top military ranks and mishandling senior personnel changes at the Pentagon.

International Business Times UK

GOP Sen. Says He Won't Block Nomination Of Kevin Warsh As Fed Chair After DOJ Drops Investigation Of Jerome Powell

Republican Senator Thom Tillis said he will support Kevin Warsh's nomination as Federal Reserve chair, paving the way for his confirmation.

International Business Times

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Stocks Set for Muted Open as Investors Await Big Tech Earnings and Fed Meeting; Middle East Developments in Focus

June S&P 500 E-Mini futures (ESM26) are down -0.09%, and June Nasdaq 100 E-Mini futures (NQM26) are up +0.06% this morning as investors refrain from making big bets at the start of a busy week featuring earnings from major tech names, the Federal Reserve’s interest rate decision, and a raft…

Barchart

This week: King Charles to address Congress amid a packed legislative agenda

In a more normal week, a reauthorization of surveillance powers, a budget resolution or the farm bill might take center stage on the House floor. This week, the House is scheduled to do all that as well as host a joint meeting of Congress to hear from King Charles III.…

Roll Call

Key US senator lifts block on Fed chair nominee Kevin Warsh

The Republican senator who had effectively blocked confirmation of President Donald Trump’s pick to lead the Federal Reserve said on Sunday he was dropping his opposition after the Department of Justice ended its investigation of the current central bank chair.

Euronews

GOP thorn in Trump’s side says he’ll confirm Fed pick Warsh despite threat of Powell probe still looming

DoJ’s decision to end ‘bogus’ probe vindicated Thom Tillis, who had power to hold up the nomination of Trump’s preferred candidate indefinitely

The Independent UK

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Tillis will support Warsh, clearing way for Trump's Fed pick

"It is time for the Federal Reserve to move beyond this distraction and return its full attention to its mission."

Axios

US justice dept closes criminal investigation into Fed chief Jerome Powell, clearing hurdle for Trump nominee Kevin Warsh

The Justice Department has closed its investigation into Federal Reserve Chair Jerome Powell regarding headquarters renovation cost overruns. This move removes a hurdle for Kevin Warsh's confirmation as Fed chair. The probe's closure allows scrutiny to continue through the Inspector General's office, with potential for criminal investigation restart if warranted.

The Times of India

Nasdaq, S&P 500 Reach New All-Time Highs: Stock Market Today

The leader of the AI revolution helped carry two of the three main U.S. equity indexes to new highs heading into the weekend.

Kiplinger

US justice department drops criminal investigation against Jerome Powell

Move will remove obstacle for confirmation of Kevin Warsh, Trump’s pick to replace Powell as Federal Reserve chair

The Guardian - US

Pirro drops Powell probe, handing Kevin Warsh a lifeline, though U.S. attorney vows to restart probe ‘should the facts warrant doing so’

It’s unclear whether or not Powell will choose to stay on the board.

Fortune

DOJ drops investigation into Fed’s Powell

U.S. Attorney Jeanine Pirro said Friday that she is dropping her investigation into Federal Reserve Chair Jerome Powell over the cost for renovations at the central bank, a move that could clear a path for the Senate to confirm Kevin Warsh as Powell’s replacement. “I have directed my office to…

Roll Call

Wrapup: Senate all-nighter puts ICE in Johnson’s court

Congress got one step closer this week to funding immigration enforcement for the rest of President Donald Trump’s term, while House lawmakers dealt with more ethics fallout and wrangled behind closed doors over a key surveillance authority. But the path forward once again depends on whether Speaker Mike Johnson, R-La.,…

Roll Call

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Euronews

Fed chair nominee Warsh rejects 'Trump sock puppet' label at Senate hearing

Kevin Warsh, the nominee for Chair of the US Federal Reserve, declared he has not pledged to lower interest rates to secure his position despite public calls from US President Donald Trump for immediate monetary easing.

Axios

Thune nudges Trump to "wrap up" Fed probe

"We all agree that Kevin Warsh is a great pick and hopefully will be confirmed."

Kiplinger

Stocks Turn Lower on Iran Worries: Stock Market Today

Stocks gave up early gains Tuesday on concerns the U.S.-Iran ceasefire deadline could expire without a peace deal in place.

The Independent UK

Internet sleuths go crazy as NFL Hall of Famer Larry Fitzgerald sits behind Trump Fed Chair pick Kevin Warsh

Eagle-eyed fans spotted the former Arizona Cardinals wide receiver in an unexpected place

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The Guardian - US

Trump’s Fed chair pick says he’ll maintain independence – but won’t say president lost 2020 election

Kevin Warsh says ‘we need to take politics out of monetary policy’ as Elizabeth Warren calls him Trump’s ‘sock puppet’

Barchart

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

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...

Roll Call

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…

The Guardian - US

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

Axios

What to look for in Kevin Warsh's big day on Capitol Hill

Republicans are set to cast Kevin Warsh as a change agent.

Kiplinger

Kevin Warsh Fed Chair Nomination: Updates and Commentary

On May 13, the Senate confirmed Kevin Warsh as the next Fed chair.

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