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Trump's US Fed nominee Warsh vows independence, says he's no 'sock puppet'
Why did Trump fire Pam Bondi? Trump's US Fed nominee Warsh vows independence, says he's no'sock puppet' Kevin Warsh, United States President Donald Trump's pick to lead the Federal Reserve, has addressed concerns about his independence pending his appointment to the bank amid fears that Trump could sway his decisions on monetary policy. On Tuesday, Warsh -- who served on the central bank's Board of Governors from 2006 to 2011 -- faced waves of criticism during a confirmation hearing of the Senate Banking Committee where Democrats voiced concerns about the Fed's independence should he be appointed to lead the organisation. "I do not believe the operational independence of monetary policy is particularly threatened when elected officials -- presidents, senators, or members of the House -- state their views on interest rates," Warsh said. "Monetary policy independence is essential. Monetary policymakers must act in the nation's interest . . . Warsh, 56, also called for "regime change" at the US central bank, including a new approach for controlling inflation and a communications overhaul that may discourage his colleagues from saying too much about the direction of monetary policy. Warsh blamed the central bank for an inflation surge after it slashed interest rates to nearly zero in the wake of the COVID-19 pandemic, a move that continues to hurt US households. Concerned by the implications of artificial intelligence for jobs - expected to increase productivity - and prices, he said he would move quickly to see if new data tools could provide better insight on inflation, and would also discourage policymakers from saying too much about where interest rates might be heading. "What the Fed needs are reforms to its frameworks and reforms to its communications," the former Fed governor said. "Too many Fed officials opine about where interest rates should be That is quite unhelpful." Warsh has also long been an advocate for shrinking the Fed's $6.7 trillion balance sheet. In the Tuesday hearing, he said any such plans would take time and must be publicly discussed well in advance. Jai Kedia, a research fellow at the Center for Monetary and Financial Alternatives at the libertarian Cato Institute, told Al Jazeera that there were many "encouraging" signs in Warsh's candidacy. "Warsh is presenting himself as a regime change candidate at a time when the Fed needs serious reform," Kedia noted. "Particularly encouraging was his understanding of the negative effects of QE and his focus on reducing the balance sheet.
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Hassan Took a Bike Ride. Now He's One of the Thousands Missing in Gaza
In a place denied access to basic forensic technology--and where people disappear into Israeli detention--the fate of thousands remains unknown. One of them is an autistic teenager. In the early morning dark, Abeer Skaik turned to her husband, Ali Al-Qatta, and said that today would be the day they would find their son. Ali nodded in silence, and she handed him the stack of flyers. Each bore a photograph of 16-year-old Hassan smiling widely, his shoulders loose, wearing a plain red T-shirt. He is looking directly at the camera, unguarded. On top of the page, in large letters, Abeer had written a single word in bold red ink: --an appeal. Abeer watched as Ali stepped into a car with a few close friends and drove away. They started the 30-kilometer trip south, from al-Tuffah, east of Gaza City, to the European Hospital in Khan Younis. They had heard that a group of people detained by Israel, including children, would be released there. The gate was already crowded. Families stood shoulder to shoulder, wrapped in blankets against the cold, clutching photographs and ID cards. Ali distributed the flyers among his friends. When the buses of released detainees arrived, he and the others moved slowly through the narrow gaps between clusters of people. Some of those who had just been released were being pulled into embraces. Ali waited at the edge of each reunion. "Have you seen my son?" he asked. One after another, people shook their heads.
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Don't Listen to Anyone Who Thinks Secession Will Solve Anything
Don't Listen to Anyone Who Thinks Secession Will Solve Anything Americans increasingly fantasize about a divorce between red and blue states--but they dread the thought of civil war. You can't have one without the other. It's become almost like a histamine response: After a shocking national event like the assassination of Charlie Kirk, or Donald Trump's deployment of the military to Los Angeles last June, mentions of the term " civil war " and calls for secession surge online. This kind of talk flared again in January, when two citizens were shot and killed by immigration agents on the streets of Minneapolis, and governor Tim Walz mobilized the Minnesota National Guard to be ready to support local law enforcement. "I mean, is this a Fort Sumter?" Walz said in an interview with The Atlantic, invoking the battle that sparked the Civil War.
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Mexico City's 'Xoli' Chatbot Will Help World Cup Tourists Navigate the City
The launch of "Xoli" adds to the technological efforts promoted by the federal government to turn the 2026 World Cup into an engine of development for the entire country. Xoli, the new chatbot, is named after the axolotl, a salamander with external gills. The Government of Mexico City has launched Xoli, a chatbot that will provide information on services, tourism, and cultural offerings. The platform was designed to meet the demand of the millions of visitors expected to arrive during the 2026 FIFA World Cup . However, the authorities assure that the tool will remain active once the sporting event is over, with the aim of promoting economic activities and facilitating access to public services in the capital.
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Ros Atkins on... Trump's mixed messages on the war
Ros Atkins on... Trump's mixed messages on the war For every day of this war, President Trump has been sharing his perspective and his thinking - whether in press conferences, in video statements or in posts on social media. In the last week, that's continued - as strikes have been exchanged - and pressure has built on the supply of oil and gas from the region. The BBC's Analysis Editor Ros Atkins has looked at what the President's been saying. Watch: Sean Penn receives'Oscar' in Ukraine after skipping US ceremony The Academy Award winning US actor won his third Oscar on Sunday, but skipped the ceremony to visit Ukraine. Voiced by Domhnall Gleeson and directed by John Kelly, Retirement Plan is nominated for Best Animated Short Film at the 98th Academy Awards.
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Watch: Trump compares attack on Iran to Pearl Harbor in meeting with Japanese PM
In a meeting with Japanese Prime Minister Sanae Takaichi in the Oval Office, US President Donald Trump was asked why he didn't inform allies about his plan to attack Iran. Trump responded by raising Japan's attack on Pearl Harbor during World War II, saying, Who knows better about surprise than Japan? Watch: Sean Penn receives'Oscar' in Ukraine after skipping US ceremony The Academy Award winning US actor won his third Oscar on Sunday, but skipped the ceremony to visit Ukraine. Voiced by Domhnall Gleeson and directed by John Kelly, Retirement Plan is nominated for Best Animated Short Film at the 98th Academy Awards. 'I don't know why we're doing it' - Americans divided on Iran war Ten days since President Trump first announced the attack, people from across the US tell the BBC what they think the best outcome of the conflict could be.
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No luck on Tinder? Scientists reveal why should REMOVE your best qualities from your dating profile - and opt for a story instead
Pete Hegseth explodes at'Trump Derangement Syndrome' as he claims Iran war is an overwhelming success Pete Hegseth says world should thank Trump as US prepares to unleash'largest strike package' on Iran: Live updates RICHARD EDEN: Everything's going wrong for Harry and Meghan but the Royal Family are not laughing because they will have to take them back Dangerous virus with no treatment or cure is exploding across the US... now alarming new map reveals exactly who is at risk'There was just all this jam. We thought there'd be more to it': ALISON BOSHOFF reveals inside story of how'Meghan has been purged' by Netflix, truth about her'silencing' of Harry, and what the out-in-the-cold couple will do next... Trader Joe's vs Walmart: What your local store really does to your home value and the brand that could knock $17k off your house price Secret life of Heath Ledger's daughter Matilda: She's been hidden for 18 years - but now insiders finally tell of family'secrets'... whispers from ...
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