GOP Senator Tillis still plans to block Trump's pick of Kevin Warsh to lead the Federal Reserve until DoJ drops its criminal probe into Powell, according to CNN's Raju
Senator Tillis blocking the nomination of Kevin Warsh to lead the Federal Reserve introduces uncertainty around Fed leadership as the hearing approaches.
Nestle (NESN SW) and Mondelez (MDLZ) say they were not targeted by EU Commission anti-trust raids related to probe into chocolate confectionary industry
US President Trump tells NY Post that talks with Iran could be happening over the next two days in Pakistan
GOP Senator Tillis still plans to block Trump's pick of Kevin Warsh to lead the Federal Reserve until DoJ drops its criminal probe into Powell, according to CNN's Raju
France cuts 2026 GDP forecast to 0.9%, raises inflation forecast to 1.9%
Eurogroup Chairman says stagflation in Europe is worst case scenario and impact on Europe depends on how long the Strait of Hormuz will remain closed
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- Comes as Warsh hearing is set for next week. If he votes no, nomination would deadlock in committee if Dems vote no
This political maneuvering may influence market sentiment regarding monetary policy direction, especially if it adds pressure on Powell amid ongoing scrutiny. Traders should watch for potential impacts on interest rates and the USD, as political risks can shift market dynamics significantly.
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