White House adviser Hassett highlights confidence in Warsh ahead of potential Fed policy decisions amid market volatility.
White House economic adviser Kevin Hassett stated President Trump holds Kevin Warsh in high regard, signaling strong confidence in Warsh’s judgment. The remarks come as markets await the Federal Reserve’s next policy move, with traders weighing inflation risks and geopolitical tensions.
Recent inflation concerns stem from stimulus measures, while crude oil inventories fell by 7.167M barrels, exceeding the 1.272M estimate. Futures surged to new highs, contrasting with broader declines in U.S. indices like the Nasdaq. Gold tested $4,000 support as traders brace for Fed signals.
Markets remain jittery over potential Fed tightening and escalating Middle East tensions, with Trump vowing strikes on Iran. USD/CAD and USD/CHF saw volatile trading, reflecting uncertainty ahead of key economic releases.