Forbes Daily: Senators Grill Trump’s Fed Chair Nominee Kevin Warsh |
Kevin Warsh, President Donald Trump’s pick for Federal Reserve chair, insisted he would lead the Fed independently while under oath in his confirmation hearing Tuesday.
As Warsh faced questions from senators, he said the president never asked him to commit to lowering rates, “nor would I do so.” Still, in an interview with CNBC ahead of the hearing, Trump said he would be disappointed if Warsh doesn’t slash rates right away.
Republicans won’t have the votes they need to move Warsh forward without Sen. Thom Tillis, who has vowed to block the nomination in committee until the Justice Department drops its probe of current chairman Jerome Powell.
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President Donald Trump said he would extend the ceasefire with Iran as it was set to expire, though state media reported Iran seized two ships in the Strait of Hormuz.
Trump claimed on social media that Iran is losing $500 million a day as a result of the U.S. blockade of its ports.
In a long post after news emerged that Apple CEO Tim Cook would step down, Trump said the billionaire executive called him during his first term to “‘kiss my ass.’”
President Donald Trump said he’ll “remember” companies that don’t seek tariff refunds, suggesting possible preferential treatment for importers that forgo the government’s new portal that allows firms to seek $160 billion in repayments they are........