US President Trump, on Fed Chair nominee Warsh says, the probe into Powell is correct, reiterates criticism of the elevated building costs "we need to find out why it costs close to USD 4bln", speaking to CNBC

Trump's criticism regarding elevated building costs and the probe into Powell suggests heightened scrutiny on the Fed's policies. His expressed disappointment if the new Fed Chair does not cut rates points to possible pressure for more accommodative monetary policy, which could influence market expectations around rates and risk sentiment across equities and Forex.