Senate confirms Kevin Warsh as Fed chair as Trump’s economic vision comes into focus

NEWYou can now listen to Fox News articles! The Senate cleared Kevin Warsh on Wednesday to lead the Federal Reserve, ushering in a new era at the central bank under President Donald Trump’s nominee. The Senate confirmed Warsh, 54–45, concluding a monthslong search that began last summer for a successor to Federal Reserve Chair Jerome … Read more

Economic pressure may not push Iranian regime to make peace deal with U.S., expert explains

President Trump is on his way to Beijing to meet with Chinese President Xi Jinping. Before he left, he spoke about the current ceasefire with Iran. Will Todman, a senior fellow in the Middle East Program at CSIS, joins “The Daily Report” to discuss. Source link

Once doomed, Trump’s pick to carry out his economic vision clears first crucial hurdle

NEWYou can now listen to Fox News articles! President Donald Trump’s next pick to lead the nation’s central bank is one step closer to securing the job, despite early fears that his nomination was doomed.  The Senate confirmed Kevin Warsh to be on the Federal Reserve’s Board of Governors, the main governing body of the … Read more

For foreign workers in the Mideast, risk from the Iran war collides with economic strain at home

HANOI, Vietnam — He had met his 6-year-old son only once. A few days together in a life otherwise spent apart. For 15 years, Mohammad Abdullah Al Mamun worked in Saudi Arabia, sending money home to his family in one of the poorest areas of Bangladesh. This year, he had planned to return, build a … Read more

Ford CEO discusses auto industry affordability amid rising gas prices and economic uncertainty

Ford CEO discusses auto industry affordability amid rising gas prices and economic uncertainty – CBS News Watch CBS News The average cost of a new car is about 30% more expensive than 2019, data shows. Ford CEO Jim Farley spoke with “CBS Saturday Morning” about how the car company is tackling affordability amid economic uncertainty … Read more

Kamala Harris expected to blame Democrats and Republicans for failed economic policy at state party dinner

Former Vice President Kamala Harris is expected to call for the “revival of the American dream,” and blame Democrats as well as Republicans for failed economic policies in a speech Saturday night, according to excerpts shared with NBC News. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. “Democrats … Read more

Former Trump economic adviser knocks possible Spirit Airlines bailout as

Former Trump economic adviser knocks possible Spirit Airlines bailout as “corporate welfare” – CBS News Watch CBS News Sources tell CBS News the Trump administration is discussing a bailout for Spirit Airlines that could include a loan of up to $500 million. Former Trump economic adviser Stephen Moore joins “The Takeout” with his perspective. Source … Read more

Fox News Poll: Economic gloom, Trump ratings signal tough GOP midterm path

NEWYou can now listen to Fox News articles! The electorate’s economic pessimism is giving the Democratic Party an edge six months out from the November election.  A new Fox News survey points to an environment conducive to a change in the majority party in the U.S. House, with negative ratings for both the president and … Read more