Federal Reserve Chair Kevin Warsh Testifies Before The Senate Banking Committee

FED CHAIR WARSH: ONE-TIME CHANGE IN PRICES ISN'T NECESSARILY INFLATIONARY WARSH: WHETHER AI IS INFLATIONARY OR NOT WILL BE UP TO FED Fed's Chair Warsh: Business capital investment is contributing massively to GDP, and I would guess that trend continues. WARSH SUGGESTS ALL RESERVE BANKS SHOULD BUILD SPECIFIC AREAS OF EXPERTISE.

WARSH SAYS INTEREST RATES SHOULD BE THE MAIN FOCUS OF MONETARY POLICY. WARSH WANTS POLICY CHOICES TO INFLUENCE BALANCE SHEET MANAGEMENT. Fed's Chair Warsh: Balance sheet should be as small as possible, and can expand when there's a crisis. Fed's Chair Warsh: I would like us to have a leaner, meaner balance sheet. FED CHAIR WARSH Q&A: DON'T WANT TO SHARE COMMUNICATIONS WITH TRUMP; WILL SHARE FUTURE NOTICES OF COMMUNICATIONS WITH TRUMP PER LAW; NO TRUMP PRESSURE ON MONPOL SO FAR #Warsh #FederalReserve #economy

US CENTCOM: : AT 6 A.M. ET TODAY, U.S. CENTRAL COMMAND FORCES BEGAN LAUNCHING A WAVE OF STRIKES AGAINST IRAN. - RTRS $CL U.S. launches fresh wave of strikes on Iran, as analysts warn conflict risks becoming ‘forever war’ The U.S. launched a fresh round of strikes on Iran early Wednesday morning, hours after President Donald Trump warned military strikes would intensify next week if Tehran does not cooperate in peace talks. U.S. Central Command said in a post on X on Wednesday that it had begun launching a wave of strikes against Iran at 6 a.m. ET. “The strikes are designed to further degrade military capabilities Iranian forces have used to attack commercial shipping in the Strait of Hormuz,” it said. Centcom had carried out more strikes against Iran on Tuesday. Tehran, meanwhile, has launched attacks on multiple Gulf countries. In an interview with Fox News on Tuesday evening, Trump hinted that the conflict was more likely to intensify than de-escalate as a fragile ceasefire agreed last month continues to fracture.