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Trump seizes opportunity to reshape Federal Reserve leadership
Trump gains opportunity to reshape Federal Reserve as governor Kugler resigns, paving way for his own appointment to influence interest rates
Trump gains opportunity to reshape Federal Reserve as governor Kugler resigns, paving way for his own appointment to influence interest rates
– Trump’s chance to nominate a Fed member arises from Adriana Kugler’s resignation, potentially influencing interest-rate policies.
– Possible nominees include Kevin Hassett and Kevin Warsh, both facing challenges and potential credibility issues.
Donald Trump has an opportunity to influence the Federal Reserve following the unexpected resignation of Fed governor Adriana Kugler. According to The Wall Street Journal, Kugler’s departure allows Trump to nominate a new member to the rate-setting committee sooner than anticipated, potentially providing him with an ally to advocate for interest-rate cuts.This situation could enable Trump to establish someone who may succeed Jerome Powell as chair next spring. Trump indicated that he would announce his nominee later this week, weighing the selection between someone to complete Kugler’s term or a future chair candidate.
Several candidates are being considered, including former economic adviser Kevin Hassett and former Fed governor Kevin Warsh. Both have advocated for varying approaches to interest rates and could face challenges in securing Senate confirmation. Analysts warn that nominees may risk their independence by aligning too closely with Trump’s policies, potentially affecting the Fed’s credibility.
Strategic Considerations
News
Macron forced to walkbecause of Trump motorcade
Macron stranded in NYC, amusingly calls Trump after police block his route for the motorcade. #Diplomacy #MacronVsProtocol
Macron stranded in NYC, amusingly calls Trump after police block his route for the motorcade. #Diplomacy #MacronVsProtocol
French President Emmanuel Macron found himself unexpectedly stranded in New York after addressing the United Nations, when police blocked his route to accommodate Donald Trump’s motorcade.
Macron, en route to the French embassy, was forced to pause in the street as the way forward remained closed.
In a moment of levity amid diplomatic protocol, Macron is said to have called Trump directly from the street, remarking on the absurdity of being held up because of his rival’s convoy.
The road eventually reopened — but only for pedestrians — leaving Macron to continue on foot while still engaged in the conversation.
#Diplomacy #MacronVsProtocol #GlobalLeaders #TickerNews
News
Kamala Harris shocks with gay announcement
Kamala Harris clarifies comments on rejecting Buttigieg as running mate amid criticism over implications of his sexuality.
Kamala Harris clarifies comments on rejecting Buttigieg as running mate amid criticism over implications of his sexuality.
Kamala Harris has been forced to clarify comments about why she did not choose Pete Buttigieg as her running mate, after critics accused her of suggesting his sexuality was a barrier.
Speaking in an interview with MSNBC, Harris initially rejected claims that Buttigieg’s sexuality influenced the decision, but later admitted she had considered the political risks given the tight timeline of just 107 days.
The remarks drew swift reactions, with MSNBC host Rachel Maddow saying it was “hard to hear” that Buttigieg might have been excluded because he is gay. Harris insisted the decision saddened her but was made with the stakes of the election in mind.
#USPolitics #KamalaHarris #PeteButtigieg #TickerNews
News
Russia escalates nuclear drills as Ukraine strikes energy targets
Russia escalates war strategy with nuclear maneuvers, 300,000 recruits; Putin extends New START treaty amid diplomatic questions.
Russia escalates war strategy with nuclear maneuvers, 300,000 recruits; Putin extends New START treaty amid diplomatic questions.
Russia is ramping up its war strategy with new nuclear manoeuvres and a reserve force of nearly 300,000 fresh recruits.
President Vladimir Putin has also offered a one-year extension to the New START treaty, raising questions over whether this is a genuine diplomatic move or a calculated pressure tactic.
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