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.

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US President Trump says the actions in Iran are justified, despite the impact on the market and energy prices from it, speaking to CNBC; administration officials understood that it had to happen. Have "totally won the war".

US PRE-MARKET MOVERS: AAPL, DHI, AMZN, LCID, MMM, GE, UNH, DHR, DGX, INTC, TSCO

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

US President Trump says he thinks they will end up with a great deal, speaking to CNBC; Iran has no choice, it is regime change no matter what you want to call it. In a strong negotiating position.

US Retail Sales Control Group MoM (Mar) M/M 0.7% vs. Exp. 0.2%

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  • When asked if the banking committee could take the investigation over, reiterates that they need to find out why it costs so much and why the overruns have occurred.
  • Would be disappointed if the new Fed Chair does not cut rates.
Context

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.

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