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Trump, speaking in an interview with Fox Business, said Warsh was the 'runner up' in his last search and that it was a big mistake to pick Fed chair Jerome Powell
Warsh has repeatedly and loudly blasted his old colleagues over the years for letting the bank’s assets balloon, prompting speculation in markets that he could move quickly to have them drawn down
An advance of the greenback against all major currencies trimmed its January slide. Long-term Treasuries underperformed
Seen as a relatively hawkish choice, Warsh will need to navigate a president who in his second term pilloried Fed officials for not easing policy as aggressively as he would like
Kevin Warsh is currently a Shepard Family Distinguished Visiting Fellow in Economics at Stanford University's Hoover Institution and a visiting scholar at Stanford Graduate School of Business.
US 10-year yields climbed three basis points and 30-year rates jumped five basis points, while the Bloomberg Dollar Spot Index rallied 0.4%.
The Fed kept borrowing costs on hold Wednesday, a decision that rankled Trump
Spot gold was 2.1% higher at $5,514.03 an ounce by 08:52 a.m. ET (1352 GMT), after earlier touching $5,594.82. Gold has gained over 28% so far this month.
A key issue that Chair Jerome Powell will likely address at his news conference Wednesday is how long the Fed will remain on hold.
The upbeat mood in equity markets comes ahead of the Federal Reserve’s latest policy decision, with investors expecting interest rates to remain on hold
Responding to a report, Trump said he had never offered the Fed chair’s post to JPMorgan Chase CEO
Trump’s interview Thursday with Rieder went well, the people said, speaking on condition of anonymity to discuss the private deliberations
For investors, the escalation sets the stage for heightened market volatility given the potential impact for long-term monetary policy
Spot gold hovered around $4,320 an ounce, while silver slid toward $71
The sharp division of views within the FOMC makes it a bit challenging to gauge the likely future course of rate decisions by the FOMC, as there are differing views among FOMC members on the future direction of rates.
In Moneycontrol's Pro Panorama December 11 edition: AI gold rush and India’s role in it, the Netflix strategy that Indian IT can replicate, a new party may alter Bengal's voting trend, and more
The MSCI Asia Pacific Index rose 0.5% in early trade, led by the tech and financial sectors
A new set of economic projections will likely show continued division among policymakers
Benchmark share indexes in Japan and South Korea both gained, while US equity futures were little changed after the S&P 500 closed almost flat Tuesday
The Fed delivered a second straight reduction in October driven by the summer’s sudden deterioration in the US labor market
Stocks rose in Japan — where markets reopened after a holiday — and in South Korea
US Federal Reserve’s by 25 bps rate cut has increased the scope for policy flexibility for emerging markets like India, however, economists believe the Reserve Bank of India (RBI) will keep its focus on growth and inflation in framing the policy stance at the upcoming December monetary policy meeting.
Federal Reserve Chair Jerome Powell said tariffs are adding modest upward pressure on inflation, though he expects the impact to be temporary.
Trump himself told reporters that he expected to make a decision on the nominee before the end of the year
Prices are still up since the start of 2025. Gold sales often rise sharply amid wider economic uncertainty, as anxious investors seek a 'safe haven' for their money
