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Last updated: 2026-04-29 12:21:10 ET
Pulse AI Brief
Updated Apr 29, 2026 11:05 AM ET
The Senate Banking Committee advanced Kevin Warsh's nomination as Federal Reserve chair on Wednesday, clearing a key procedural hurdle toward a full Senate vote. Warsh, a former Fed governor and investment banker, is positioned to succeed Jerome Powell, whose term as chair is concluding.
Warsh's advancement reduces policy uncertainty around Fed leadership. Markets are pricing in his hawkish inflation-fighting credentials, which could support the dollar and pressure rate-sensitive sectors like growth equities and REITs if he signals a more restrictive stance than Powell.
Warsh's nomination represents continuity on inflation vigilance but signals potential shifts in Fed communication style and regulatory philosophy. His banking background may influence the Fed's approach to financial stability and deregulation discussions.
Fed meeting updates: Will FOMC hold interest rates? What to expect from Jerome Powell's last meeting
On Tuesday, the S&P 500 and Nasdaq Composite slipped from the the records they notched a day earlier.
The Fed is expected to hold rates steady, at what's likely to be Jerome Powell's last meeting as chair — with Kevin Warsh looking set to replace him.
U.S. stocks rose on Wednesday, following Tuesday’s lower close. Futures of the major benchmark indices were higher. Investors will be closely watchi...
NPR's Steve Inskeep asks Democratic Sen. Elizabeth Warren of Massachusetts about the future of the Federal Reserve as a Senate committee prepares to vote on the nomination of Kevin Warsh as Fed chair.
Wednesday will likely be a momentous day for the future of the Federal Reserve as Chair Jerome Powell could signal he will stay with the Fed even as a...
Australia’s consumer prices jumped in the first quarter, hitting the highest level since September 2023, as the impact of the energy shock fed into ...
But after some early hiccups, the U.S. government's hub for businesses seeking tariff refunds is running smoothly, an expert says.
In what could be Jerome Powell's final meeting as Fed chair, he and his fellow policymakers are likely to continue their cautious approach.
With inflation heating up, growth holding firm and markets dialing back rate cut bets, the Federal Reserve heads into its April meeting under pressure...
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