US journalist Rachael Bade posts on X "Trump met 2day with his two finalists for Fed Reserve chair -- and is leaning toward KEVIN WARSH to replace Jerome Powell, I'm told"
The potential nomination of Kevin Warsh to replace Jerome Powell could signal a shift in Fed policy direction, particularly given Warsh's historical hawkish stance.
PBoC is expected to set USD/CNY mid-point at 6.9459 (prev. 6.9771)
US President Trump says have a team headed to Iran
US journalist Rachael Bade posts on X "Trump met 2day with his two finalists for Fed Reserve chair -- and is leaning toward KEVIN WARSH to replace Jerome Powell, I'm told"
US President Trump says he will announce Fed pick tomorrow morning and he has chosen a very good person to lead the Fed
[MARKET UPDATE] Asia-Pac stocks begin mostly positive heading into month-end and after Apple (AAPL) reported a record-breaking quarter, although gains are capped as participants also digest a slew of data and the latest Trump threats
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Says:
"Nothing is official I'm told. But 1 source close to Trump says Warsh basically has the wink & the nod."
"KEVIN HASSETT is out. RICK RIEDER was also at the WH today & is the other finalist."
This news may raise questions about the future trajectory of interest rates, impacting the USD and market sentiment broadly as traders position for possible changes in monetary policy. While the news is preliminary, it reflects ongoing dynamics within the administration and their influence on central banking decisions.
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