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Trump Nominates Kevin Warsh to lead the US Federal Reserve
US President Donald Trump has announced Kevin Warsh as his choice to lead the US Federal Reserve when current chairman Jerome Powell’s four-year term comes to an end in May, a move that could usher in a new phase for American monetary policy amid heightened economic and political scrutiny.
Warsh, a former Federal Reserve governor, is no stranger to the institution or to speculation around its leadership. He previously served on the Fed’s board from 2006 to 2011 and was widely considered for the chairmanship during Trump’s first term in office. Known for his critical views of the central bank’s recent policy direction, Warsh is expected to favour a more accommodative stance, including support for lower interest rates in the near term.
The nomination comes at a sensitive moment for the Federal Reserve, as questions about its independence have intensified following Trump’s increasingly public criticism of Jerome Powell. The president has repeatedly expressed frustration that interest rates were not cut more aggressively, arguing that faster action would have better supported economic growth.
Those tensions deepened recently after federal prosecutors opened a criminal investigation into testimony Powell gave to the Senate concerning renovations to Federal Reserve buildings. The Department of Justice probe prompted a strong response from Powell, along with public messages of support from several former Fed chairs and prominent central bank leaders, underscoring the institutional significance of the moment.
Against this backdrop, Warsh’s re-emergence as a leading contender had been widely anticipated in recent weeks, as speculation mounted over who would eventually succeed Powell. Trump formally confirmed his choice on his Truth Social platform, praising Warsh in emphatic terms and saying he “will go down as one of the GREAT Fed Chairmen, maybe the best.”
If approved, Warsh would assume leadership of the world’s most influential central bank at a time of exceptional challenge and opportunity. Economists and financial markets are closely watching how the Fed navigates inflation concerns, growth prospects and political pressure, making the next chair’s approach particularly consequential.
Before taking office, however, Warsh must secure confirmation from the US Senate, a process that could involve extensive hearings and potentially lengthy delays. That scrutiny is likely to focus on his views about interest rates, financial regulation and the long-standing principle of central bank independence.
Even so, supporters argue that Warsh’s deep experience during periods of economic stress — including the global financial crisis — positions him well to guide the Fed through a complex environment.
News
Donald Trump has announced that the Israel-Lebanon ceasefire has been extended by three weeks.
Donald Trump has announced a three-week extension of the ceasefire between Israel and Lebanon, pointing to renewed diplomatic engagement aimed at stabilizing the region.
In a post on Truth Social, Trump said the decision followed a high-level meeting in the Oval Office involving officials from both countries. He described the discussions as highly productive, noting that they included JD Vance and Marco Rubio.
According to Trump, the United States will deepen its cooperation with Lebanon to strengthen its internal security framework, particularly in relation to Hezbollah. He framed the talks as part of a broader effort to support Lebanon’s sovereignty and reduce the influence of armed non-state actors.
Calling the meeting “historic,” Trump said he is preparing to host Benjamin Netanyahu and Joseph Aoun at the White House in the coming weeks. The anticipated visits are expected to focus on negotiating a more durable peace arrangement between the two neighboring countries.
Speaking again to reporters in the Oval Office, alongside senior U.S. officials and diplomatic representatives from both nations, Trump emphasized the complexity of the situation, particularly Lebanon’s need to manage internal dynamics involving Hezbollah. He indicated that Washington’s approach would combine diplomatic engagement with security cooperation.
Trump also suggested that progress on the Israel–Lebanon track could align with broader U.S. strategic efforts in the region, including ongoing initiatives related to Iran. He expressed optimism that simultaneous diplomatic advances could contribute to wider regional stability.
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Five Critically Injured After Head-On Train Collision in Denmark
At least five people have been critically injured and 13 others hurt following a head-on train collision in Denmark, authorities have confirmed.
The crash occurred early Thursday on a railway line connecting the towns of Hillerød and Kagerup, northwest of Copenhagen. Police said a total of 37 people were on board the two trains at the time of the accident.
Emergency services responded immediately after the collision, which happened at approximately 06:29 local time. All injured passengers were transported to hospital by ambulance or airlift, according to Tim Ole Simonsen of the Greater Copenhagen fire department.
Local officials described the incident as deeply distressing. Trine Egetved, mayor of the Gribskov municipality, said she was “deeply shaken” and confirmed that those critically injured had been taken to the national hospital in Copenhagen.
Danish Prime Minister Mette Frederiksen expressed concern over what she called a “terrible train accident,” as authorities began investigating the cause.
The Danish Accident Investigation Board has launched an inquiry alongside police, examining all possible causes. Investigators say it is too early to determine what led to the crash but are considering multiple scenarios, including a potential signalling system failure or human error.
The trains, operated by Lokaltog, were shown in footage with significant front-end damage, having collided in a wooded area.
Rail operator officials described the incident as one of the most severe imaginable in the industry and said efforts are now focused on gathering data to understand how the collision occurred.
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Hundreds of Wildfires Rage Across Florida and Georgia, Forcing Evacuations
Authorities in the southeastern United States are battling a surge of wildfires across Georgia and Florida, as dry conditions and strong winds fuel rapid fire spread, destroying homes and forcing residents to evacuate.
Fire crews in Georgia responded to 34 new blazes on Wednesday alone, burning at least 75 acres statewide, according to the Georgia Forestry Commission. The largest of the fires, known as the Pineland Road Fire, has expanded dramatically to nearly 30,000 acres and remains only 10% contained.
In Florida, officials say the state is facing one of its most severe wildfire seasons in decades, with more than 130 active fires currently burning. Emergency services are working around the clock to contain outbreaks as conditions continue to worsen.
Authorities in both states point to a combination of prolonged dry weather, strong winds, and limited rainfall as key factors complicating firefighting efforts. These conditions have allowed fires to spread quickly and unpredictably, increasing the risk to communities.
Evacuation orders have been issued in several affected areas, while firefighters continue to prioritise protecting lives and property. Officials warn that without significant rainfall, the wildfire threat could persist in the coming days.
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