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For Warsh as Fed chair, silence may be the point
Markets head into the first Fed meeting run by new Chair Kevin Warsh with almost no idea what he thinks about the recent surge in job growth, the acceleration in inflation or the path of interest rates. And that may be by design. Warsh has strongly criticized Fed communications, saying they have led to policy errors and placed the Fed more at the center of market decisions and the economy than it should be. His plans for “regime change” include a rethink of how the Fed forecasts and talks about its plans for monetary policy. That appears to include both quantity and frequency. “If you ask me my true personal ... (full story)
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From fxstreet.com|5 hr agoEthereum (ETH) rises, albeit gradually, toward $1,700 at the time of writing on Friday. The smart contract token reflects a marginal increase in buyers seeking to re-engage at ...
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From @financialjuice|3 hr ago|18 commentsIran’s Foreign Minister Araghchi: Management of the Strait of Hormuz will not return to the pre-war era. IRAN'S ARAQCHI: SOVEREIGNTY OF THE STRAIT OF HORMUZ BELONGS TO IRAN AND OMAN
Araghchi: Iran is the winner of war with US Iranian Foreign Minister Abbas Araghchi said on Friday that his country is the winner of the war against the United States. "We stood against the world's apparent superpower for 40 days," the minister told the Iranian Broadcasting Agency. He added that a memorandum of understanding with the US has yet to be signed and noted that changes could occur as Israel opposes a deal between Tehran and Washington. Aragchi detailed that the lifting of the US maritime blockade, the opening of the Strait of Hormuz, the relief of sanctions, and a ceasefire on all fronts, including Lebanon, are included in the (MoU). He stressed that the nuclear issue will be discussed in the next stage of negotiations. "The US nuclear demands were not acceptable to us at this stage at all," he concluded.
From @DeItaone|2 hr 56 min ago|9 commentsIRAN'S ARAGHCHI: IF THE FINAL STAGE OF NEGOTIATIONS IS COMPLETED, THE AGREEMENT WILL BE SIGNED REMOTELY BY BOTH SIDES AND THEN ANNOUNCED Iran FM says only way to handle enriched uranium is dilution in Iran
