Trump Nominates Kevin Warsh as Federal Reserve Chair
President Donald Trump nominated Kevin Warsh as the next Federal Reserve chair on Friday, according to Fortune. Trump announced the nomination on Truth Social, stating he had known Warsh for a long time and believed he would be "one of the GREAT Fed Chairmen, maybe the best." Warsh was a front-runner for the position, especially after Trump expressed his positive impression of both Warsh and Kevin Hassett, director of the U.S. National Economic Council, during the interview process.
Warsh's nomination comes at a time of significant political and social unrest in the United States. In Minnesota, the Trump administration has intensified its immigration crackdown, deploying federal agents as part of "Operation Metro Surge," according to The Verge. These actions have led to the detention of children, intimidation of protestors and community organizers, and the deaths of multiple people. Minnesotans have responded with community-level resistance, including mutual aid and tracking ICE operations, despite surveillance from tech companies like Clearview AI and Palantir. The killing of Alex Pretti on January 24th sparked further backlash online.
The political climate has also prompted discussions about corporate responsibility and the role of tech leaders in addressing societal issues. Following Trump's first presidential election in 2016, many in the tech world were shocked, according to Wired. Facebook CEO Mark Zuckerberg downplayed the idea that his company influenced the election outcome. Apple CEO Tim Cook, when approached by Wired, engaged in a conversation about the raw emotions triggered by the political climate. The Verge questioned the responsibility of individuals and companies to speak out against negative events, considering the potential impact on their businesses.
Meanwhile, in Europe, Yad Vashem Chairman Dani Dayan emphasized the importance of continuous Holocaust remembrance. Speaking to Euronews during a visit to Brussels, Dayan stated that Holocaust remembrance and its lessons should be remembered and implemented 365 days a year. This statement came after Yad Vashem announced in November that it had identified five of the six million Jews murdered in the Holocaust.
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