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Trump Nominates Kevin Warsh to lead the US Federal Reserve

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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.

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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.

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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.

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US Army Leadership Shake-Up as Hegseth Requests Chief’s Immediate Exit

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US Army Leadership Shake-Up as Hegseth Requests Chief’s Immediate Exit

U.S. Defence Secretary Pete Hegseth has asked Army Chief of Staff Randy George to step down, triggering a significant leadership change at the top of the United States Army.

According to Pentagon spokesman Sean Parnell, General George will retire immediately from his role as the 41st Chief of Staff, cutting short what is typically a four-year term. George, a seasoned military officer and graduate of United States Military Academy at West Point, was nominated to the position in 2023 by former President Joe Biden.

No official reason has been provided for the abrupt decision, though a senior defence official indicated that “it was time for a leadership change.” The move comes amid broader military and geopolitical developments, including recent comments by Donald Trump suggesting that the ongoing U.S.-Israel conflict with Iran could conclude “very shortly.”

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General George’s career spans decades, including service as an infantry officer during the Gulf War and deployments in Iraq and Afghanistan. His tenure has been marked by operational leadership across multiple theatres.

He will be succeeded on an acting basis by Vice Chief of Staff Christopher LaNeve, described by Pentagon leadership as a highly experienced and trusted commander aligned with the administration’s strategic vision.

The shake-up extends beyond the Army chief. Reports indicate that David Hodne, who led the Army’s Transformation and Training Command, and William Green, head of the Chaplain Corps, have also been removed from their posts.

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Since assuming office, Hegseth has overseen the dismissal of more than a dozen senior military officials, including top Navy and Air Force leaders, signaling a sweeping effort to reshape the U.S. military’s leadership structure.

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French Court Clears Muslim Gathering in Paris, Upholding Civil Liberties

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French Court Clears Muslim Gathering in Paris, Upholding Civil Liberties

A major Muslim gathering in northern Paris will proceed as scheduled after a French administrative court overturned a government attempt to ban the event, marking a significant legal reaffirmation of civil liberties.

The Paris police authority had sought to block the four-day Annual Encounter of Muslims of France, arguing that the event posed a potential security risk, including the possibility of terrorist targeting and disruptions by far-right groups. However, the organisers—Muslims of France (MF)—challenged the decision in court, asserting that such a ban would violate fundamental freedoms.

In a ruling delivered just two hours before the planned opening, the administrative court sided with the organisers. Judges stated that the evidence presented by police “did not establish” a credible risk of counter-demonstrations or attacks by extremist groups. The court also rejected claims that the gathering would overstretch police resources, noting that organisers had committed to implementing additional security measures.

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The event, which blends religious, cultural, and commercial elements, has historically attracted tens of thousands of attendees from across Europe. Although it was once held annually, it has not taken place since 2019, making this year’s edition particularly significant for participants.

Authorities had justified the proposed ban by citing a “particularly tense” national and international climate, warning that the Muslim community could face heightened risks. Concerns were also raised about possible interference from foreign actors seeking to destabilise the situation.

France has previously accused countries such as Russia and Iran of attempting to fuel unrest through indirect actions, including small-scale provocations.

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The decision comes as the French government advances plans for a new “anti-separatism” law aimed at strengthening oversight of organisations accused of promoting ideas seen as incompatible with republican values. Interior Minister Laurent Nunez said the proposed measures would expand the government’s ability to regulate associations, including oversight of childcare structures and banning publications that incite hatred, violence, or discrimination.

Despite ongoing political debate, the court’s ruling underscores the judiciary’s role in balancing security concerns with the protection of individual freedoms, allowing the high-profile gathering to move forward under monitored conditions.

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Trump says US can ‘easily’ open the Strait of Hormuz

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Trump says US can 'easily' open the Strait of Hormuz

U.S. President Donald Trump has indicated that the United States could take decisive action to reopen the strategically vital Strait of Hormuz, describing the move as something that could be achieved “easily” with more time.

In a post shared on his platform Truth Social, Trump suggested that the U.S. could ensure the flow of oil through the critical maritime corridor, even proposing the possibility of directly securing oil resources. He characterized the potential outcome as highly lucrative, calling it a “gusher” for global markets.

The Strait of Hormuz remains one of the world’s most important transit chokepoints, with a significant portion of global oil supply passing through the narrow waterway. Any disruption to shipping in the area has immediate implications for global energy prices and economic stability.

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Trump has previously expressed varying positions on how the strait should be handled, at times advocating for Western nations to take unilateral military action to guarantee safe passage for oil shipments. His latest remarks reinforce a more assertive approach, emphasizing the use of U.S. capability to secure international energy flows.

The comments come amid heightened tensions in the Middle East, where concerns over maritime security and energy infrastructure have intensified. Analysts note that any move to militarily intervene in the Strait of Hormuz would carry significant geopolitical risks, potentially escalating conflict in an already volatile region.

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