US Senate expected to confirm Kevin Warsh as next Federal Reserve chair

حجم الخط

Warsh would succeed outgoing Fed chair Jerome Powell as Trump continues his push to influence the US central bankSign up for the Breaking News US newsletter email The US Senate is expected to confirm Kevin Warsh this week as chair of the Federal Reserve, as Donald Trump continues his campaign to influence the world’s most important central bank.The Fed’s influence over the economy spans from the job market to mortgage rates, and its every move is carefully scrutinized by investors on Wall Street. Warsh’s confirmation comes at a turbulent time for the central bank, which has fallen under intense scrutiny from Trump for not lowering interest rates. Continue reading...

Continue reading on Guardian Business

This article was originally published by Guardian Business.

أخبار ذات صلة

يتطور·5 sa önce

Bank of England Chief Economist Suggests Interest Rate Hikes This Year

Bank of England Chief Economist Huw Pill indicated that interest rates may need to rise this year to control inflation, which currently stands at 2.8%, above the 2% target. Pill noted that the economy's 'speed limit' is lower than before and highlighted productivity challenges in the UK, particularly in Wales.

BBC Business

يتطور·6 sa önce

Volkswagen Faces Test Over Job Cut and Factory Closure Plans Amid Protests

Volkswagen's supervisory board is set to review radical plans for job cuts and factory closures, facing protests from IG Metall union members at 18 sites. The proposals aim to secure the company's long-term survival amid intense competition and the shift to electric vehicles.

Guardian Business

يتطور·7 sa önce

Capita faces £40m hit to profits over Civil Service Pension Scheme failures

Capita expects to lose up to £40m annually due to the crisis at the Civil Service Pension Scheme. This follows a poor service that left thousands of civil servants without income and retirement quotes, leading to government withholding nearly £10m and calls to strip Capita of its contract.

Guardian Business

يتطور·8 sa önce

Tesco's Global Ambitions Fizzle: A Return to UK Dominance

Tesco, once poised for global retail dominance, is now divesting its international operations, focusing on its strong UK market share. The company's ambitious expansion plans faltered due to costly failures like Fresh & Easy, accounting scandals, and strong competition from German discounters.

Guardian Business

يتطور·8 sa önce

Tesco's Global Ambitions Fizzle: A Retreat to Domestic Dominance

Tesco, once poised for global retail dominance, has largely retreated from international markets, selling off operations in Asia and the US. The company is now exploring the sale of its Central European division, focusing instead on strengthening its UK market share and shareholder returns.

Guardian Business

يتطور·10 sa önce

UK Business Secretary Tells Pension Funds to 'Get Off Their High Horses' and Invest in Britain

UK Business Secretary Peter Kyle urged pension funds to increase investment in British companies, threatening legal mandates if voluntary efforts fail. He expressed frustration with the lack of domestic investment despite government initiatives and reforms, emphasizing a "patriotic duty" for asset managers.

Guardian UK