Kevin Warsh to be sworn is as next Fed Chair on Friday, Fox Business reports
The confirmation of Kevin Warsh as the next Fed Chair indicates a potential shift in monetary policy direction, which markets will be keenly assessing.
Newsquawk Central Banks - Preview: FOMC Minutes due Wednesday, 20th May at 19:00BST/14:00EDT
UK reportedly preparing a multi billion-pound injection of cash into the development of a stealth fighter jet with Japan and Italy, via FT
Kevin Warsh to be sworn is as next Fed Chair on Friday, Fox Business reports
US Treasury Secretary confirms earlier reports: Treasury issues a temporary 30-day general license to provide the most vulnerable nations with the ability to temporarily access Russian oil currently stranded at sea
A US official tells CNBC the Iranian state media report that the US has agreed to lift oil sanctions while talks are ongoing is false.
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If his stance is hawkish, we could anticipate upward pressure on rates and the USD, possibly affecting cross-asset prices, especially in fixed income and forex. This news is especially important as we approach upcoming policy meetings and economic data releases.
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