Economy

Trump picks Kevin Warsh to chair Federal Reserve amid pressure campaign to cut rates

Updated on: January 30, 2026 / 10:33 AM EST / CBS News

Sandisk gets upgrade from Raymond James after blockbuster earnings

Key catalysts, including the potential for more price hikes, are driving analyst Jason Bazinet’s upgrade.

Exxon CEO says Venezuela needs to transition to democracy for oil investment to make sense

ExxonMobil CEO Darren Woods in a CNBC interview stood by comments on Venezuela's oil industry that angered President Donald Trump.

Prediction markets allow trading on Super Bowl commercials, prompting insider trading questions

Prediction markets Kalshi and Polymarket are offering trades on which companies will air Super Bowl ads, prompting concerns about potential insider trading.

Trump's future Fed influence tests market trust

The key for investors in this upcoming time of uncertainty is to consider a diversification of outcomes.

January Barometer: S&P 500 squeaking out a gain this month is a good sign for rest of year

Volatility has been the name of the game thus far in 2026. Despite this, Wall Street is set to end the first month of the year with a very positive signal.

Trump finally makes his Fed chair pick

Investors see the former Fed governor as a credible steward of monetary policy despite expectations he may push for lower rates.

Everything you need to know about Kevin Warsh, Trump's pick to lead the Federal Reserve

Kevin Warsh, a former Fed governor, has emerged as Donald Trump’s pick to lead the Federal Reserve. Here’s his background, views and why it matters.

Producer prices rose 3% in 2025 as inflation lingered

Inflation, as measured by the producer price index, rose 3% the year ending in December, the Bureau of Labor Statistics reported Friday, more than many economists had expected.

Trump nominates Kevin Warsh to be next Fed chairman

President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to be the next chairman of the central bank’s Board of Governors.

Will talk of 'Trump Boom' backfire at the ballot box?

Treasury Secretary Scott Bessent is promising that 2026 will be the year of the “Trump boom,” but some economists wonder if President Donald Trump’s chief economic messenger is writing checks that the White House can’t cash.

Trump nominates Kevin Warsh for Federal Reserve chair to succeed Jerome Powell

President Trump named Kevin Warsh to succeed Jerome Powell as Fed chair, ending an odyssey that has seen unprecedented turmoil around the central bank.