CNBC's Cassella says she asked Press Sec Leavitt on Monday if Trump was still considering firing Powell if he stayed on as a Fed governor, and she said "I think the President will be satisfied once Kevin Warsh is confirmed as the Fed chair"

This headline indicates potential shifts in Federal Reserve leadership, with implications for monetary policy and market stability. As the President appears satisfied with the nomination of Kevin Warsh as Fed chair, this could signal a move toward a more hawkish stance, impacting expectations for future rate decisions, particularly if Powell were to be dismissed. Traders should watch for market reactions in USD, rates, and broader risk assets as the situation develops.