Amid elevated uncertainty caused by the Middle East conflict, Donald Trump has called for interest rate cuts and nominated Kevin Warsh to replace Jerome Powell at the Fed.
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Updated sep 17
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How it started
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What happened
Amid elevated uncertainty caused by the Middle East conflict, Donald Trump has called for interest rate cuts and nominated Kevin Warsh to replace Jerome Powell at the Fed.
Who's involved
What this event is mainly aboutHow it developed
Newest first. Tap a step to see who reported it.Interest rate hikes test Warsh's relationship with Trump.1 source
Trump pushes for Fed leadership change (Powell to Warsh) to address national security concerns linked to Middle East instability.1 source
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The entities involved
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Donald Trump
American businessman and politician (born 1946), President of the United States (2017–2021; since 2025)
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Jerome Powell
president of the FED
- The FED leadership is under pressure from the administration, evidenced by the appointment of a new chair, amid ongoing criticism from Donald Trump and economic impacts from the Iran attacks.
- UBS upgraded Wynn Macau citing improved outlook, while Morgan Stanley projected strong GGR growth in the market.
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national security
defense and maintenance of a state through use of all powers at the state's disposal
Nothing else this week.
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Middle East
geopolitical region encompassing Egypt and most of Western Asia, including Iran