US President Trump says he hopes Fed Chair Nominee Warsh is confirmed next week
- Not planning to drop probe on Powell.
- If he doesn't leave, will have to fire him.
- Thinks rates will go lower when Warsh gets in.
Context
President Trump's endorsement of Fed Chair nominee Warsh signals potential shifts in monetary policy direction. His comments imply expectations for a more dovish stance that could lead to lower rates, contrasting with the current environment under Powell. This dynamic may influence USD positioning and broader market sentiment, particularly in fixed income and equities.
Trade the TapeGet this analysis live, the moment it breaksNewsquawk's real-time dashboard delivers market-moving headlines and instant context to your desk before the rest of the market reacts.
Open Dashboard#UNITED STATES#USD#EUR#JAPAN#JPY#UNITED KINGDOM#GBP#ASIA#EUROPE#PROGRESSIVE CORP/THE#REPUBLICAN#GOVERNOR#MEMBER#IMPORTANT#FOREX#FIXED INCOME#EQUITIES#ENERGY#METALS#EU SESSION#US SESSION#DOW JONES INDUSTRIAL AVERAGE#FEDERAL RESERVE#CENTRAL BANK#FOMC#HAWK#INFLATION#WTI#COMMODITIES#GOLD#METALS & MINING#S&P 500 INDEX#NASDAQ 100 INDEX#BRENT CRUDE#DXY#TRUMP#WHITE HOUSE