Gold and silver fall sharply after announcement of Trump’s nomination of Kevin Warsh for Fed chair
Gold and Silver Prices Drop Following Warsh Nomination Gold and silver prices saw a significant drop early Friday morning after the announcement that President Trump intends to nominate Kevin Warsh as the next Chairman of the Federal Reserve. Investors reacted by selling off precious metals. Gold prices decreased by nearly 10%, falling from $5,500 to […]
Trump chooses a ‘fool’ to replace Powell as Fed chair
Trump Nominates Kevin Warsh to Replace Powell as Fed Chairman President Trump has made his choice for the next Federal Reserve Chairman, nominating Kevin Warsh to take over from Jerome Powell. Warsh, who has a wealth of experience and previously served on the Federal Reserve Board of Governors, was noted by Trump as the youngest […]
Gold and Silver fall as Trump’s choice for Fed Chair, Warsh, is seen as a way to maintain central bank independence.
Price Slides for Gold and Silver as Fed Chair Nomination Shifts Market Sentiment On July 13, 2022, Robin Kolbenbach, CEO of Algol Heraeus, showed one kilogram of silver and gold bars at the company’s factory in Mendrisio, Switzerland. Fast forward to today, and it appears that gold and silver prices have taken a tumble once […]
Trump intends to appoint Kevin Warsh as the next chair of the Federal Reserve, according to sources.
Former Federal Reserve Board member Kevin Warsh is reportedly being nominated by President Trump to take over Jerome Powell’s position as Federal Reserve Chairman. Trump met with Warsh, who also teaches at Stanford University, on Thursday. Following their discussion, he called Warsh to offer him the role, and Warsh accepted, according to sources. Recently, Rick […]
Trump Plans to Reveal His Choice for Fed Chair Next Week
President Donald Trump is set to reveal his pick for the chair of the Federal Reserve next week. During Thursday’s Cabinet meeting, President Trump mentioned plans to announce the replacement for Powell. “Sometime next week, Mr. Scott and Mr. Howard and everyone, we’re going to announce the Fed president, and I’m sure whoever that will […]
Fed Chair Jerome Powell notes consumers are trying to save money due to inflation.
Fed Holds Interest Rates Steady Amid Ongoing Economic Concerns The Federal Reserve has decided to maintain interest rates at their current level, as reported by Edward Lawrence from FOX Business. This announcement comes during a time of rising inflation that continues to affect many American households. Chairman Jerome Powell noted that a significant number of […]
Jerome Powell, the Fed Chair, offers guidance to his successor as his term concludes.
Federal Reserve Keeps Interest Rates Unchanged Amid Economic Concerns According to a report by a White House correspondent, the Federal Reserve has decided to maintain its current interest rates during a segment titled “Making Money.” Chairman Jerome Powell addressed questions regarding his future at the central bank, sharing insights at a recent news conference. Powell’s […]
House Intel chair calls for retraction of ‘faulty’ report stating that US adversaries were not responsible for Havana Syndrome
House Intelligence Chair Calls for Retract of Havana Syndrome Report In Washington, the Republican chairman of the House Intelligence Committee is urging the U.S. Intelligence Community to pull back a controversial report from 2023 that determined Havana syndrome wasn’t caused by attacks on U.S. military personnel. Rick Crawford, the chair and a representative from Arkansas, […]
House Oversight Chair Comer broadens investigation into suspected fraud in Minnesota
Investigation into Minnesota Social Services Fraud Expanded Rep. James Comer (R-Ky.), who leads the House Oversight and Government Reform Committee, is broadening his inquiry into possible fraud involving social services in Minnesota, as noted in a recent press release. In a letter to Minnesota State Assembly Auditor Judy Randall, Comer requested staff-level briefings along with […]
Trump may announce his choice for Fed chair next week, according to Treasury Secretary Scott Bessent.
Potential Decision on Next Fed Chair by Trump Soon Treasury Secretary Scott Bessent indicated on Tuesday that President Trump’s choice for the next Federal Reserve chair could arrive as soon as next week. The president has streamlined his options to four nominees to succeed Jerome Powell, the current Fed chairman. The candidates are former Federal […]