Author: Leslie Stewart

President Donald Trump on Thursday announced that he will announce on Friday the selection of the person to replace Jerome Powell as Federal Reserve chairman when his term ends in May.Former US Federal Reserve Chairman Kevin Warsh spoke at the Monetary Policy Conference at Stanford University’s Hoover Institution in Palo Alto, California. (Reuters)Although the name has not been confirmed, reports suggest that President Trump’s pick may be former Federal Reserve Board member Kevin Warsh. Rumors that Warsh was a possible candidate accelerated after CNN’s Caitlan Collins reported Thursday afternoon that Warsh was seen at the White House.Warsh’s appointment as chairman…

US President Donald Trump speaks in the Oval Office of the White House on January 29, 2026 in Washington, DC. Samuel Corum | Getty ImagesPresident Donald Trump announced Thursday that he will nominate a candidate for a new Federal Reserve chairman on Friday.Speaking at the premiere of “Melania,” a film about first lady Melania Trump, the president said the five-month journey to find a successor to current Chairman Jerome Powell will soon come to an end.President Trump said, “I will announce the Fed chairman tomorrow morning.” When asked if he had actually made up his mind, he replied: “I’ve decided,…

A boat passes alongside a cargo ship loaded with containers at the terminal of Yantian Port in Shenzhen, Guangdong Province, China, on October 30, 2025. Wang Tingju | ReutersThe U.S. deficit with global trading partners nearly doubled in November as the trade deficit with the European Union widened and the impact of President Donald Trump’s tariffs spread across the economy, the Census Bureau reported Thursday.Following a month in which the trade deficit hit its lowest level since early 2009, the trade deficit soared to $56.8 billion, an increase of 94.6% from October. About a third of this gain came from…

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British Prime Minister Keir Starmer addresses a business delegation after arriving in China at a hotel in Beijing, January 28, 2026. Karl Cote | AFP | Getty ImagesAfter years of tension, China and the UK are aiming to forge a long-term strategic partnership following high-stakes talks between Chinese President Xi Jinping and British Prime Minister Keir Starmer. Prime Minister Starmer’s four-day visit to China will be the first by a British Prime Minister in eight years. This suggests an attempt to mend relations between the two countries, which have long been mistrusted and acrimonious. Bilateral relations have been strained by…

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Disclosure: The views and opinions expressed herein belong solely to the authors and do not represent the views and opinions of crypto.news editorials. Traditional crowdfunding platforms have long helped fund creative projects, humanitarian needs, and early-stage companies, but cracks have emerged in the model that can’t be ignored. The problem is not the idea of ​​crowdfunding itself. The implementation is centralized, opaque, and easily exploitable. These platforms control who they fund, who they block, and how they collect fees, all while asking users to trust a system they cannot independently verify. summary Centralized crowdfunding is structurally weak. Opaque storage, high…

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The five-month process to find the next Federal Reserve Chairman appears to be reaching its final days, and one candidate has emerged as the betting favorite, even though other candidates are still in the running.Rick Rieder, BlackRock’s head of fixed income, is seen by prediction markets as the favorite to replace Jerome Powell at the central bank’s top job. Kalsi gives the Wall Street veteran a 48% chance of winning, well ahead of his next closest competitor, former Gov. Kevin Warsh, with 31%.But sentiment was volatile, and after less than a week it was Warsh who held a decisive advantage.What…