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The Latest Breaking News from Kevin Warsh

Trump news at a glance: president says not letting Iran have nuclear weapon ‘only thing that matters’

President’s remarks come as midterm elections looks to be defined by economic concerns sparked by the conflict. Key US politics stories from Wednesday 13 May at a glance

The Guardian - US

Dollar boosted by rate expectations, safe-haven flows as Trump, Xi meet

The US dollar strengthened on Thursday. Higher Treasury yields and safe-haven demand boosted the currency. Investors anticipate Federal Reserve rate hikes this year. A meeting between US President Donald Trump and China's Xi Jinping in Beijing is a key focus. The offshore yuan held near a three-year high. Inflation data…

The Economic Times

Who Is Richer: Kevin Warsh or Jerome Powell? Incoming and Outgoing Fed Chairs' Net Worth Laid Bare

Kevin Warsh, confirmed as the new US Federal Reserve Chair, is the wealthiest individual to hold the position, with a net worth between $170 million and $226 million.

International Business Times UK

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Top Democrat calls newly confirmed Fed chair Kevin Warsh a ‘sock puppet’ for Trump – as it happened

Elizabeth Warren condemns confirmation of Trump’s pick to lead the Federal Reserve; John Fetterman was lone Democrat to support the nomination

The Guardian - US

Kevin Warsh confirmed as Fed chair in party-line vote amid Elizabeth Warren's 'sock puppet' criticism

Every Republican voted for Warsh on Wednesday, as did Democratic Sen. John Fetterman of Pennsylvania.

Fortune

Trump’s pick Kevin Warsh replaces Jerome Powell as Fed chair: What will happen to US interest rates next and why financial markets are watching closely

Kevin Warsh is set to become the new Federal Reserve chair. However, his influence on interest rates might be limited. The Federal Open Market Committee, a 12-member panel, ultimately decides on rate targets. Warsh will hold only one vote. Consensus building and persuasion are key to the chair's role. Financial…

The Economic Times

Tech Leads Again as Nvidia Goes to China: Stock Market Today

The Magnificent 7 and other mega-cap stocks are making the Middle East seem like a geopolitical and macroeconomic backwater.

Kiplinger

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Trump ally Kevin Warsh confirmed as next US Federal reserve chair after tight Senate vote

Kevin Warsh has been confirmed as the next chair of the US Federal Reserve after the Senate approved President Donald Trump’s nominee in a narrow 54-45 vote.

The Times of India

Senate confirms Trump’s Fed chair nominee Kevin Warsh as Powell’s replacement

IN FULL

The Independent UK

Warsh clinches Senate approval to be Fed's next chair as inflation intensifies

In a pivotal moment for the economy, the US Senate has officially confirmed Kevin Warsh as the chair of the Federal Reserve, just as inflation escalates. With President Donald Trump advocating for reduced interest rates, Warsh's leadership will be crucial at the next central bank meeting, where policymakers are wrestling…

The Economic Times

Kevin Warsh Confirmed As Next Chairman Of The Federal Reserve, Replacing Jerome Powell

The Senate confirmed on Wednesday Kevin Warsh as the next chair of the Federal Reserve, replacing Jerome Powell.

International Business Times

US Senate confirms Kevin Warsh as Federal Reserve chair, following Jerome Powell

Kevin Warsh is now the new head of the Federal Reserve. He takes charge at a difficult economic time. Inflation is high and gas prices are rising. The Fed faces internal disagreements. President Trump has pressured the Fed for lower interest rates. Warsh promises independence. He faces challenges in managing…

The Economic Times

Kevin Warsh confirmed to lead Federal Reserve

He becomes Fed chair at a moment of resurgent inflation, public discontent with the economy and attacks on the central bank's independence.

Axios

US Senate confirms Kevin Warsh as Federal Reserve chair, replacing Jerome Powell

Warsh will serve four-year term as chair, taking over amid rising inflation and pressure from Trump to lower rates

The Guardian - US

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The Independent UK

Trump Fed chair nominee Kevin Warsh is confirmed by Senate as Jerome Powell vows to stay on board

Kevin Warsh stressed that the president did not make him pledge to cut interest rates to secure his nomination to head the Federal Reserve

Axios

The U.S. inflation problem is getting worse

The PPI for final demand rose 1.4% in April alone, and is up 6% over the last 12 months.

Roll Call

Warsh confirmed to lead Federal Reserve

The Senate confirmed Kevin Warsh on Wednesday to become chairman of the Federal Reserve for a four-year term. The 54-45 vote concludes the process two days before Fed Chair Jerome Powell’s term ends. The Senate confirmed Warsh on Tuesday to a 14-year term on the board, effective as of Feb. 1, 2026.…

Kiplinger

Investors Pull in on Chip Stocks After Hot Inflation: Stock Market Today

The shutdown of the Strait of Hormuz is showing up on these shores in the form of the hottest CPI inflation print in three years.

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The Economic Times

US stocks today: S&P 500, Nasdaq end lower as inflation, Iran tensions weigh

US stocks closed lower as hotter-than-expected inflation and escalating US-Iran tensions weighed on sentiment. The S&P 500 and Nasdaq retreated from record highs, led by tech weakness, while Dow held steady. Rising oil prices and fears of prolonged inflation reduced hopes of Fed rate cuts and lifted rate-hike bets.

The Economic Times

US Treasury yields hit 5%: Why investors are dumping bonds as oil prices and inflation rise amid US-Iran conflict

US Treasury yields today: Global bond markets are experiencing unease. Rising oil prices and persistent inflation are reshaping interest rate expectations in the US and globally. US Treasury yields are climbing as inflation fears intensify. This situation is causing investors to rethink Federal Reserve rate cut possibilities. UK bond markets…

The Economic Times

Is a US stock market crash beginning? Nasdaq 100 drops over 2% as Dow Jones and S&P 500 struggle after inflation shock hits investors

Is a US stock market crash beginning as Nasdaq sinks 2% after shocking CPI inflation rattles Dow and S&P 500? The Nasdaq 100 plunged more than 2% on Tuesday, extending its steepest single-day sell-off in weeks after the April Consumer Price Index confirmed what markets had quietly feared — US…

The Economic Times

US Senate approves Kevin Warsh for Fed Board, chair confirmation next

The Senate has confirmed Kevin Warsh to the Federal Reserve Board of Governors. A vote for his chairmanship is expected soon. This confirmation follows a lifted blockade by Senator Thom Tillis. The move comes as President Trump pushes for lower interest rates. Inflation is currently surging, presenting a challenge for…

International Business Times

Senate Confirms Kevin Warsh As Fed Governor, Another Step Toward Becoming Chair

The Senate on Tuesday confirmed Kevin Warsh as governor of the Fed, taking another step towards replacing Jerome Powell as chair of the central bank.

The Economic Times

Senate confirms Kevin Warsh to US Federal Reserve Board; Fed chair vote likely on Wednesday

Kevin Warsh is officially stepping into the role of a Federal Reserve governor, primed to steer the US central bank through turbulent political waters. As he prepares for this pivotal leadership role, Warsh is contemplating a strategic overhaul at the Fed, particularly looking to enhance collaboration with the Treasury.

Euronews

Iran war pushes US inflation to 3.8% as petrol prices surge

US consumer prices rose 3.8% in April as the Iran war drove petrol costs up 28% in a year, with real wages falling for the first time in three years, according to government data.

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