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Fed Chair nominee Warsh to reiterate importance of independence

Kevin Warsh, United States (US) President Donald Trump’s nominee to replace Jerome Powell as the next chair of the Federal Reserve (Fed), will testify before the Senate Banking Committee on Tuesday.According to Warsh’s prepared remaks released on Monday, he will tell lawmakers that he is “committed to ensuring that the conduct of monetary policy remains strictly independent.”Warsh will argue that a reform-oriented Fed can make a real difference and underscore that he is committed to…

Finance news

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Markets

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The infinite possibility of China’s AI ‘lobster’ farms

Across China, a new kind of digital worker is clocking in.They’re called “lobsters,” shorthand for OpenClaw-powered agents that can browse, click, reply, trade, post, and sometimes spiral out of control.What began as a niche tool for engineers went mainstream earlier this year. OpenClaw is drawing crowds to installation events, spawning…

Investing

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