Warsh

Former Wall Street banker faces questions at confirmation hearing – but his biggest backer is also his biggest liabilityOn the face of it, Kevin Warsh looks like an ideal candidate to chair the Federal Reserve, the world’s most important central bank. The 56-year-old Ivy League economist, former Wall Street banker and presidential adviser ticks all the boxes. Unfortunately for Warsh, as he faces what could be a fraught nomination hearing, his biggest backer is also his biggest liability.In his second term, Donald Trump has attacked the Fed in a manner both unprecedented and unseemly. He has called current chair Jerome Powell – whom he also appointed – a “jerk”, “a stubborn MORON”, and repeatedly threatened to fire him. Continue reading...

• President Donald Trump is backing Kevin Warsh as his preferred candidate for Federal Reserve chair, intensifying pressure on current Fed Chair Jerome Powell amid ongoing policy disagreements. • Republican Senator Kevin Cramer discussed the timeline for the CLARITY Act and Trump's strategy to reshape Federal Reserve leadership during an appearance on 'Mornings with Maria.'

• The United States has deployed more than 10,000 American personnel, 12 warships, and multiple aircraft in a naval blockade around Iranian ports that began Monday, according to US Central Command. • The blockade represents a significant military escalation in the region, with no ships crossing Iranian ports in the first 24 hours of the operation. • The deployment underscores heightened US-Iran tensions following recent military exchanges and reflects the Trump administration's aggressive posture toward Tehran.

• The US Navy sent two Arleigh Burke-class destroyers through the Taiwan Strait on April 8, 2026, in a freedom of navigation operation challenging Chinese claims. • Beijing scrambled 20 fighter jets in response, with state media labeling it 'provocation'; no collisions reported. • This escalation underscores US commitment to Taiwan's defense, critical for semiconductor supply chains worth $500 billion annually.

• Kevin Warsh was nominated as the next Federal Reserve Chair, set to succeed Jerome Powell in May 2026. • Warsh, a critic of the Fed’s quantitative easing policies, is viewed by markets as a steady hand amid economic uncertainties. • The nomination comes as PCE inflation rose to 2.9% and core PCE to 3.0% year-on-year in March, aligning with consensus expectations.

Divers in race against time to unearth wreck of the Dannebroge before seabed becomes construction siteMore than 200 years after being sunk by Admiral Horatio Nelson and the British fleet, a Danish warship has been discovered on the seabed of Copenhagen harbour by marine archaeologists.Working in thick sediment and almost zero visibility 15 metres (49 feet) beneath the waves, divers are in a race against time to unearth the 19th-century wreck of the Dannebroge before it becomes a construction site in a new housing district being built off the Danish coast. Continue reading...

• As the Iran war enters its 17th day, President Trump is pressuring NATO allies and other nations to send warships to the Strait of Hormuz to secure the critical oil route, warning that the United States cannot do it alone. • Trump stated "We'll protect them and if ever needed help, they won't be there for us," signaling frustration with allied hesitancy while claiming numerous countries are on their way to assist despite limited public commitments. • Military analysts suggest a four-week campaign would be required to remove missiles, drones, fast attack craft, and mines from the strategic waterway, with Trump's administration reportedly reaching out to Australia, Japan, South Korea, the UK, France, and China with minimal success in securing open support.