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The U.S. dollar strengthened on Friday. This followed the selection of Kevin Warsh as the next Fed chair. The currency recovered from an earlier sharp decline. Analysts suggest the short-term selloff was overdone. Warsh is seen as a safe choice, unlikely to aggressively lower interest rates. This news boosted the dollar's performance.
Trump plans to nominate Kevin Warsh to be the next chair of the Federal Reserve, when Jerome Powell's term expires in May. The president has been pushing the central bank to slash interest rates.
President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a five-month odyssey that has seen unprecedented turmoil around the central bank.The decision...
Kevin Warsh, a former US Federal Reserve official tipped to be named its chief by President Donald Trump on Friday, was long an inflation foe but has aligned his views with those of Trump officials seeking...
