President Donald Trump nominated Kevin Warsh on Friday to serve as the next Chair of the Federal Reserve, set to succeed Jerome Powell when his term expires in May 2026.Who Is Kevin Warsh?Kevin Warsh is a former Federal Reserve governor, financier and lawyer with long-standing ties to Washington and Wall Street. He served on the Fed's Board of Governors from 2006 to 2011 and, at 35, ranked among the youngest governors in modern central bank history. Born April 13, 1970, in Albany, New York, Warsh earned a b ...

The Trump administration is reportedly preparing to announce Kevin Warsh as the next Federal Reserve chair on Friday, replacing Jerome Powell, a development that has unsettled markets and triggered a broad selloff across asset classes. As a result risk sentiment has deteriorated as investors price in potential shifts in monetary policy direction. Meanwhile, the DXY index, which tracks the strength of the U.S. dollar against a basket of major currencies, has edged up to 96.6. U.S. Treasury yields are mo ...

Core Viewpoint - The U.S. dollar has experienced a significant decline, reaching its lowest level in four years, primarily due to comments made by President Trump and ongoing market reactions to U.S. economic policies [1] Group 1: Dollar Performance - The dollar has fallen 10% since early 2025, influenced by the "Sell America" trade initiated after Trump's tariff announcements [1] - A recent comment by Trump led to the dollar's worst one-day decline since April, prompting traders to shift towards safe-haven assets like gold and the Swiss franc [1] Group 2: Market Reactions - Treasury Secretary Scott Bessent attempted to mitigate the situation, but initial efforts have not been effective [1] - The New York Federal Reserve's rate checks on the dollar/yen pair raised concerns about potential coordinated currency interventions by U.S. and Japanese authorities [1]

I know working professionals who keep complaining that they are struggling financially despite rising salaries. I checked the Federal Reserve Economic Data (FRED) and found out that the average price of a pound of white bread has risen from $1.55 in January 2020 to $1.83 in January 2025. It is a jump of more than 18% within a span of three years. Meanwhile, the U.S. dollar index, which calculates the value of the USD relative to a basket of foreign currencies, has fallen to 96.2, its lowest point since ...

The Federal Reserve held interest rates steady on Wednesday, a decision that capped a sharp reversal in market expectations that had once favored an early 2026 rate cut. "Job gains have remained low, and the unemployment rate has shown some signs of stabilization," said the central bank in its policy statement. "Inflation remains somewhat elevated." There were two dissents to the decision to hold policy steady, with recent Trump appointee Stephen Miran and Chris Waller — reportedly in the running to rep ...

The U.S. dollar index , which tracks the American currency against a basket of foreign peers, fell 1.3% on Tuesday, marking its biggest one-day slide since April. The dollar index also fell to its lowest level since 2022 during the session, but ticked higher in midday trading on Wednesday."Absolutely not," Bessent told CNBC's Sara Eisen, responding to a question about if the U.S. is intervening in the currency market or strengthening the yen.Treasury Secretary Scott Bessent on Wednesday shut down reports th ...

Core Viewpoint - The former head of commodities at Bridgewater believes that the current concerns regarding the dollar are exaggerated and suggests owning both the dollar and gold as a strategy [1] Group 1 - The commentary indicates that the recent "freakout" surrounding the dollar is not justified, implying a potential overreaction in the market [1] - The advice to hold both the dollar and gold suggests a dual strategy for investors, indicating a belief in the stability of the dollar while also hedging against potential inflation or currency fluctuations with gold [1]

Jan 27 (Reuters) - The U.S. dollar extended losses to sink to a four-year low against a basket of currencies on Tuesday. The weakness was exacerbated by President Donald Trump saying the dollar's value was "great", when asked whether he thought it had declined too much. Here are some ​trader and investor quotes on the dollar's decline: STEVE SOSNICK, MARKET STRATEGIST, INTERACTIVE BROKERS, GREENWICH, CONNECTICUT: "A weaker dollar is a two-sided coin. On the one ‌hand, it’s good for multinationals, wh ...

The U.S. dollar fell to its lowest level in four years on Tuesday despite President Donald Trump claiming it was "doing great†in a speech in Iowa. ...

A friend called me some time ago to share her heartbreak over the declining value of the U.S. dollar. She is a forex broker who told me that the dollar's decline isn't inspiring confidence within the global trading community. I just checked the charts and noticed that the U.S. dollar index, which calculates the value of the USD relative to a basket of foreign currencies, has fallen to 96.16 on Jan. 27. It is the index's lowest point since mid-February 2022. Related: Dollar debasement fears send 'Bitcoin ...