Kevin Warsh’s nomination to lead the Federal Reserve advanced through the Senate Banking Committee along party lines. This move comes as President Trump seeks to exert more control over the central bank.
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,
US stocks rose, with the Nasdaq Composite hitting a record high after disappointing jobs data emerged. Lower Treasury yields and declining oil prices contributed to
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