US President Trump says he hopes Fed Chair Nominee Warsh is confirmed next week

President Trump's endorsement of Fed Chair nominee Warsh signals potential shifts in monetary policy direction.

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  • 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

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.

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