President Donald Trump on Friday announced he will nominate Kevin Warsh—a former Federal Reserve governor—as his pick to succeed Jerome Powell as the chair of the central bank.
But critics expressed doubt that president can implement such a move without approval from Congress
US economy grew more than expected in 3rd quarter The economy defied concerns about a sluggish labor market and strained shoppers.
The cut of a quarter point could make it cheaper for average Americans who hold a mortgage, have credit card debt or need to take out or refinance a personal loan.
The Fed’s cut is the first all year and the Fed signaled two more cuts are possible later this year.
The deal talks follow President Trump’s public call for the replacement of CEO Lip-Bu Tan over his ties to Chinese businesses.
A pair of executive orders President Trump is expected to sign Thursday show how he is beginning to reshape the world of banking and finance.
F21 OpCo, operator of the low-cost clothing brand, says stores will remain open while it begins winding down operations.
But its relief might be premature.
Economic and political instability has battered the Eurozone currency
