Fed, Trump and Warsh
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Kevin A. Hassett had been seen as the front-runner in the Fed race, but his deep ties to the president raised questions about his independence.
US stocks slid on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and a screeching halt to 2026's roaring metals rally.
“The Fed should substantially lower interest rates, NOW!” Trump wrote.
Espresso on MSN
Trump attacks Powell again over interest rate decision
Trump once again went after Federal Reserve head Jerome Powell for not cutting interest rates.
GB News on MSN
Donald Trump brands Federal Reserve boss Jerome Powell a 'moron' after interest rates held
President Donald Trump has launched a fresh attack on Federal Reserve chairman Jerome Powell after the central bank opted to leave interest rates unchanged, prompting an immediate backlash from the White House.