banking

Senate Banking Committee set to vote on Kevin Warsh’s nomination for Fed chair

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The Senate Banking Committee is set to vote Wednesday morning on whether to advance the nomination of Kevin Warsh, President Trump’s pick to lead the Federal Reserve, after Jerome Powell steps down as chair next month.  To move forward, Warsh needs a majority of committee members to approve his nomination. The vote is scheduled for 10 … Read more

TACO trade: Investors banking on Trump not following through on his threats

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The Dow surged more than 1,000 points on Wednesday after President Trump backed off his threat to attack Iran and agreed to a two-week ceasefire. Robert Armstrong, U.S. financial commentator for the Financial Times, previously coined the phrase “TACO trade,” with TACO standing for “Trump always chickens out,” to encapsulate how investors buy low and … Read more