Kevin A. Hassett had been seen as the front-runner in the Fed race, but his deep ties to the president raised questions about his independence.

US stocks slid on Friday as President Trump said he would nominate Kevin Warsh to lead the Federal Reserve, against a background of a rising dollar and a screeching halt to 2026's roaring metals rally.

“The Fed should substantially lower interest rates, NOW!” Trump wrote.

The Department of Justice announced Thursday that it would release another significant batch of Epstein files.

The U.S. Justice Department on ‌Friday ​published a new cache ‌of files related to the late convicted sex offender ​Jeffrey Epstein, the Trump administration's latest effort to comply with a law passed ‍in November that required the ​department to release all Epstein-related records by December 19,