US President Donald Trump nominated Kevin Warsh to lead the Fed, but the financier’s plans to lower interest rates may come up against hard economic realities and a split board. The US Senate could soon hear testimony to confirm financier Kevin Warsh as the new chair of the Federal Reserve. Warsh, who previously served on the Fed’s Board of Governors from 2006 to 2011, has criticized the central bank’s policies under current chair Jerome Powell. Warsh has called for “regime change” and lower interest rates. Regarding crypto, Warsh has a somewhat nuanced approach. He hails Bitcoin as a sustainable store of value, but claims it doesn’t function as money. Read more
King Charles will make a state visit to the United States in late April, Buckingham Palace said on Tuesday, a high-profile trip that the British government hopes will help to repair relations with President Donald Trump, damaged by the war on Iran. Charles and his wife Queen Camilla will visit the US in a long-planned trip to mark the 250th anniversary of that country’s independence from British rule, before the couple visits Bermuda. “Their majesties’ programme will celebrate the historic connections and the modern bilateral relationship between the United Kingdom and the United States,” Buckingham Palace said, adding the trip was being made on the advice of the British government. It will be the first state visit by a British monarch since 2007, when Charles’ mother Queen Elizabeth made what was the fourth such US trip of her reign. Trump said the king and queen’s visit would begin on April 27 with a banquet dinner at the White House the next day. “I look forward to spending time with the King, whom I great...
As the war in Iran threatens to imperil United States President Donald Trump’s legacy, the political stakes also are rising for two of his top lieutenants: Vice President JD Vance and Secretary of State Marco Rubio. The pair, widely viewed as potential successors to Trump, have been thrust into still-developing negotiations to end the war at a moment when the Republican Party is already weighing its post-Trump future. Vance has taken a cautious approach, reflecting his scepticism toward prolonged US military involvement, while Rubio has aligned himself closely with Trump’s hawkish stance and emerged as one of the administration’s most vocal defenders of the campaign. Trump has said both men were involved in efforts to force Iran to accept US demands to dismantle its nuclear and ballistic missile programmes and allow oil traffic to pass freely through the Strait of Hormuz. With the next presidential election due in 2028 and term limits barring Trump from running again, the president has been putting the succes...