The Bank of Japan kept its policy rate unchanged in a 6-3 split vote, while raising its inflation forecast, reflecting concerns about the economic impact of the Iran conflict.
Republican Senator Thom Tillis ends his hold on the Fed chair nominee, paving the way for Kevin Warsh’s confirmation vote as the Justice Department drops its criminal probe of Powell.
North Carolina Republican Senator Thom Tillis announced he will no longer block Trump’s Federal Reserve chair nominee Kevin Warsh, clearing a critical hurdle for confirmation that could reshape US monetary policy.