US President Donald Trump will swear in Kevin Warsh on Friday to lead Fed
Trending Articles- Gold Price Forecast: US Non-Farm Payrolls Miss Expectations, Gold Surges Over $100, Can the Bull Run Continue?
- Iran insists on control of Hormuz amid reports of US talks
- Gold gains momentum above $4,100 after weak US NFP data
- June Non-Farm Payrolls Preview: Did White House Economic Advisor Give an Early Hint? How Will US Stocks, Dollar and Gold React?
- WTI slips below $68.00 as supply concerns ease
- Bitcoin Price Trend Forecast: Continued ETF Outflows Limit Bitcoin Price Rebound Space, $58,000 Becomes Key Level for Bulls and Bears
The US President Donald Trump administration said that Trump will swear in Kevin Warsh as the chair of the US Federal Reserve (Fed) on Friday at the White House, Reuters reported on Thursday.
The new chair will succeed Jerome Powell, whose term expired Friday but who continues to serve on a pro-tempore basis until Warsh officially takes over. Warsh will serve a four-year term as Fed chair and a 14-year term as a Fed governor.
Market reaction
At the time of writing, the US Dollar Index (DXY) is trading 0.07% higher on the day at 99.20.
Read more
* The content presented above, whether from a third party or not, is considered as general advice only. This article should not be construed as containing investment advice, investment recommendations, an offer of or solicitation for any transactions in financial instruments.
