President Donald Trump backed Fed chair nominee Kevin Warsh, signalling confidence that he would support lower interest rates. However, the nomination could face delays as Republican Senator Thom Tillis threatens to stall any Fed pick until a Justice Department probe into Jerome Powell concludes, creating fresh uncertainty around the confirmation process.
Recent Posts
- GSP Crop Science IPO: Focus shifts to allotment date. Latest GMP, step-by-step guide to check status
- Asian stock market crash: Nikkei 225, KOSPI fall 2.5% as US-Iran war fuels oil prices, inflation concerns
- US Stock Market | War, Oil, and Rates: Fed’s pause sets stage for choppy markets
- Bank of Japan keeps interest rates steady at 0.75%, sticks to recovery view
- Gold Silver Rate Today Live Updates: Gold and silver rebound on softer dollar; gains capped by Fed’s hawkish stance