Trump's Former Fed Candidate, Kevin Warsh, Faces Renewed Scrutiny Amidst Global Turmoil
Former Federal Reserve Governor Kevin Warsh, previously considered by President Donald Trump to lead the U.S. Federal Reserve, is once again in the spotlight as global events unfold. Warsh, who was also a candidate for chair during Trump's first term, is known as an outspoken critic of the Fed and is expected to support lower interest rates in the near term, according to BBC Business.
Warsh's potential leadership comes at a time when the Fed's independence is under scrutiny, following Trump's past attacks on current chairman Jerome Powell for not cutting interest rates quickly enough, BBC Business reported. Federal prosecutors had even opened a criminal investigation into testimony Powell gave to the Senate regarding renovations, according to BBC Business.
Warsh's history reveals a leader who faced challenges early in his career. As a junior at Stanford University, he won a contentious election for chair of the student senate in 1991. "I will not be manipulated by political parties," Warsh told The Stanford Daily at the time. "I do not have an agenda," according to the NY Times.
Meanwhile, in the Middle East, Israel is closely watching Iran, with some officials eyeing regime change and counting on the Trump administration to facilitate it, according to BBC World. Danny Citrinowicz, a senior Iran researcher at Israel's Defence Intelligence, noted Prime Minister Netanyahu's silence on the matter, stating, "It shows you the importance Netanyahu puts on this moment," according to BBC World.
In other international developments, South Africa expelled a top Israeli diplomat, Ariel Seidman, after citing "insulting attacks" on President Cyril Ramaphosa, according to The Guardian. The expulsion led to a tit-for-tat response between the two countries.
Additionally, Niger's military ruler accused France, Benin, and the Ivory Coast of involvement in an attack near Niamey's airport, according to The Guardian. Heavy security has been deployed around the airport following gunfire and explosions. The military ruler also thanked Russian troops for their defense efforts, according to The Guardian.
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