Check out the companies making the biggest moves midday: Newmont , Freeport-McMoRan — The metals miners dropped 9.6% and 7.6%, respectively, as gold and silver faltered from record levels. The moves come after President Donald Trump picked Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, easing fears that the central bank would lose […]
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Financial markets took President Donald Trump ‘s pick of Kevin Warsh as the next Federal Reserve chair largely in stride, a sign investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates. Treasury yields were little changed on Friday immediately following the announcement, a […]
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Key Points Kevin Warsh, President Donald Trump’s pick as the next Fed chair, is a central bank veteran, serving during the critical period of 2006 to 2011 that led up to and ultimately through the global financial crisis and the central bank’s efforts to stabilize the economy. Trump cited Warsh’s extensive background in announcing his […]
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