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Kevin Warsh, a former Fed 'hawk' now in tune with Trump

Kevin Warsh, a former Fed 'hawk' now in tune with Trump

Kevin Warsh, Donald Trump's choice to lead the US central bank, was once an inflation foe but has since made the case that interest rates could be lower -- an outcome the president has pushed for. Trump announced in January that Warsh, 56, was his choice to succeed Federal

US Fed chair nominee says will not be controlled by Trump

US Fed chair nominee says will not be controlled by Trump

Donald Trump's choice to lead the US Federal Reserve, Kevin Warsh, stressed Tuesday that he would not be controlled by the president as he fielded questions on his assets and central bank independence during his confirmation hearing. Warsh, a former Fed governor, was quick to emphasize his commitment

France finance minister says Hormuz must open, G7 ready to mitigate war fallout

France finance minister says Hormuz must open, G7 ready to mitigate war fallout

French Finance Minister Roland Lescure told reporters Thursday that the Strait of Hormuz needs to reopen "but not at any price," adding that G7 leaders stand ready to mitigate the war's economic fallout. Finance ministers and central bank governors from the Group of Seven advanced economies

EU aims to start disbursing new Ukraine loan in second quarter

EU aims to start disbursing new Ukraine loan in second quarter

The European Union expects to start releasing a new 90-billion-euro loan to Ukraine in the second quarter, the bloc's economy chief told AFP on Thursday. EU economy commissioner Valdis Dombrovskis was speaking on the sidelines of the International Monetary Fund and World Bank's spring

IMF chief warns of 'tough times' if oil prices stay high

IMF chief warns of 'tough times' if oil prices stay high

IMF chief Kristalina Georgieva warned Wednesday of difficult times ahead for the global economy if war in the Middle East is unresolved and oil prices stay high, adding that inflation risks could seep into food prices. "We must brace for tough times ahead" if the conflict persists, she

'Blindsided': US farmers strained as fertilizer costs surge on war

'Blindsided': US farmers strained as fertilizer costs surge on war

On Andy Corriher's farm in North Carolina, planting and preparations are underway for his corn and soybean crops -- but fertilizer costs have surged on war in the Middle East, and orders he placed weeks ago have yet to arrive. The 47-year-old is among US farmers facing

Trump's Fed chair nominee to face Senate confirmation hearing next week

Trump's Fed chair nominee to face Senate confirmation hearing next week

US President Donald Trump's choice for central bank chair is set to face a confirmation hearing next Tuesday, in a nomination some have criticized as an attempt to take over the Federal Reserve. The Senate Banking Committee released the April 21 date on Tuesday, after weeks of delays