US President Trump nominates Kevin Warsh as Fed Chair
President Trump's nomination of Kevin Warsh as Fed Chair signals a potentially significant shift in the Fed's policy framework.
Colgate-Palmolive Company (CL) FY25 (USD): adj. EPS 3.69 (exp. 3.65), Sales 20.4bln (exp. 20.3bln). Q4 EPS 0.95 (exp. 0.91), Revenue 5.23bln (exp. 5.12bln)
Iranian Foreign Minister Araqchi says they are prepared for both war and diplomacy, will respond more and more broadly to any aggression. Contacts continue with regional allies, are optimistic.
US President Trump nominates Kevin Warsh as Fed Chair
EMA CHMP has recommended the following for approval: Fylrevy, Ilumira, Kayshild, Kygevvi, Supemtek & Rezurock.
Iranian Foreign Minister Araqchi says they are prepared to return to talks with the US, on the condition they are based on mutual respect. The US' attitude is contradictory. Not seeking nuclear weapons.
Open the platform and use it. The whole workspace is free to try, with no signup and no card. When you want the headlines arriving live instead of on a delay, Newsquawk Pro is £24.99 for 7 days.
- "I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is “central casting,” and he will never let you down"
Full post:
- "I am pleased to announce that I am nominating Kevin Warsh to be the CHAIRMAN OF THE BOARD OF GOVERNORS OF THE FEDERAL RESERVE SYSTEM. Kevin currently serves as the Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution, and Lecturer at the Stanford Graduate School of Business. He is a Partner of Stanley Druckenmiller at Duquesne Family Office LLC. Kevin received his A.B. from Stanford University, and J.D. from Harvard Law School. He has conducted extensive research in the field of Economics and Finance. Kevin issued an Independent Report to the Bank of England proposing reforms in the conduct of Monetary Policy in the United Kingdom. Parliament adopted the Report's recommendations. Kevin Warsh became the youngest Fed Governor, ever, at 35, and served as a Member of the Board of Governors of the Federal Reserve System from 2006 until 2011, as the Federal Reserve's Representative to the Group of Twenty (G-20), and as the Board's Emissary to the Emerging and Advanced Economies in Asia. In addition, he was Administrative Governor, managing and overseeing the Board's operations, personnel, and financial performance. Prior to his appointment to the Board, from 2002 until 2006, Kevin served as Special Assistant to the President for Economic Policy, and Executive Secretary of the White House National Economic Council. Previously, Kevin was a member of the Mergers & Acquisitions Department at Morgan Stanley & Co., in New York, serving as Vice President and Executive Director. I have known Kevin for a long period of time, and have no doubt that he will go down as one of the GREAT Fed Chairmen, maybe the best. On top of everything else, he is “central casting,” and he will never let you down. Congratulations Kevin! PRESIDENT DONALD J. TRUMP"
Given Warsh's background and past experience, market participants may expect a more hawkish stance, particularly regarding interest rates, which could influence the USD's strength and impact equities and fixed income markets as traders reassess their outlooks under his leadership.
Related headlines
- US EQUITY OPEN: US indices reverse initial CPI losses2 days ago
- Newsquawk US Market Wrap: Markets chop, and yields flatten after hot core CPI boosts Fed rate hike bets1 day ago
- US President Trump reiterates USD 5k payment to all US adults will happen 2 days ago
- CRUDE WRAP: WTI (V6) SETTLES USD 2.43 LOWER AT 100.05/BBL; BRENT (X6) SETTLES USD 3.02 LOWER AT 104.61/BBL2 days ago
- Saudi Crown Prince MBS has personally urged President Trump to launch military strikes against Houthi forces in Yemen amid their rapid advance along the Red Sea coast, reports to CBS citing sources2 days ago
- US President Trump reiterates that Iran will never possess a nuclear weapon2 days ago
- Trump removes 50% tariff on bulk Canadian whisky and liquers, effective September 15th2 days ago
- Fed court reportedly blocks Trump order to keep Michigan coal plant open2 days ago
- Newsquawk European Market Wrap - 11th September 20262 days ago
- Saudi Arabia has signaled a potential willingness to launch a major unilateral military operation against the Houthis, though Riyadh has not yet reached a final decision, according to ABC2 days ago
- A high-ranking Iranian security and political source told Al Mayadeen that contrary to claims and intimidation tactics, US President Trump is seeking to return to negotiations with Iran2 days ago
- Russian senior diplomat Ushakov says President Putin and Indian PM Modi discussed Ukraine during talks in New Delhi2 days ago
- Germany is developing a pharmaceutical pricing proposal for the Trump administration in an effort to avert potential US tariffs on German goods, reports Politico citing sources2 days ago
- US FX WRAP: Dollar sees two-way action, but initially firms on hotter-than-expected core M/M print2 days ago
- TREASURY WRAP: T-NOTE FUTURES (Z6) SETTLE 8 TICKS LOWER AT 106-03+2 days ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan1 day ago
- Week in Focus 14-18th September 2026: Highlights include FOMC, BoJ, BoE, Inflation from UK, Canada and Japan2 days ago
- JPMorgan revises Fed forecast and now sees hikes in September and December2 days ago
- Newsquawk Weekly Economic Calendar - 13th-18th September 20262 days ago
- [MARKET UPDATE] Action seen after US CPI has reversed, with XAU above pre-data levels, USD under pressure while fixed income and equity futures have entirely reversed the move and are extending to the upside2 days ago
The whole workspace, free to try.
Try it free