US President Trump says Fed Chair nominee Warsh is great and he will do a great job. Have been in favour of rate increases to stop inflation in the past, it is "sort of effective". US should always have the lowest interest rate globally.

President Trump’s endorsement of Fed Chair nominee Warsh highlights a push for a more hawkish stance at the Federal Reserve, emphasizing the need for rate increases to combat inflation. This sentiment could signal a shift in policy guidance, impacting expectations for future rate movements, potentially strengthening the USD while affecting equity and fixed income markets as investors recalibrate their outlooks.