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Markets swing in uneasy trading after Trump nominates Kevin Warsh to be next Fed chair
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NEW YORK (AP) — Prices are swinging across financial markets as investors try to figure out what President Donald Trump’s…NEW YORK (AP) — Prices are swinging across financial markets as investors try to figure out what President Donald Trump’s nominee to be the next Federal Reserve chair will mean for them.
The value of the U.S. dollar initially sank against other currencies following Trump’s announcement of Kevin Warsh’s nomination before climbing back.
Futures fell on Wall Street Friday as word leaked that President Donald Trump would nominate former Federal Reserve official Kevin Warsh to be the next chair of the U.S. central bank.
Earlier this week, President Donald Trump said he planned to raise tariffs on South Korean exports if the U.S. ally did not swiftly ratify a trade agreement worked out months ago.
Defense Secretary Pete Hegseth warned the U.S. military “will be prepared to deliver whatever the president expects,” just a day after President Donald Trump told Iran to “make a deal” on its nuclear program.