Kevin Warsh, nominated to lead the Federal Reserve, has filed financial disclosures indicating personal assets well above $100 million, a figure expected to draw scrutiny at his Senate confirmation hearing next week. The disclosure positions Warsh among the wealthiest nominees ever considered for the Fed chair role, raising questions about potential conflicts of interest that senators are likely to press during the hearing. Financial disclosure filings for senior federal nominees are designed to surface asset holdings, investment positions, and institutional ties that could intersect with the policy decisions the nominee would oversee. For a Fed chair, that intersection is particularly acute: monetary policy decisions on interest rates, quantitative easing, and financial regulation directly affect valuations across asset classes. Warsh previously served as a Fed governor from 2006 to 2011 and has been a fellow at the Hoover Institution. Senators on both sides will be examining whether specific holdings require recusal or divestiture commitments before any confirmation vote proceeds.
India's Expenditure Finance Committee has cleared a Rs 1.25 lakh crore outlay for India Semiconductor Mission 2.0, up 64 percent from ISM 1.0's Rs 76,000 crore. The proposal now goes to the Cabinet, as two chip plants begin commercial output and a third, CG Semi, is set to open July 4, 2026.
The Supreme Court blocked Trump from firing Federal Reserve board member Lisa Cook, preserving the Fed's independence from presidential removal power. A separate ruling the same day gave Trump broader authority to dismiss leaders of other independent federal agencies.
The US Supreme Court has blocked President Trump's attempt to fire Federal Reserve governor Lisa Cook, who faced unproven mortgage fraud allegations. The ruling preserves Fed independence for now and keeps a politically charged removal case alive in the courts.
The US Supreme Court, splitting along ideological lines, has allowed the Trump administration to end Temporary Protected Status for Haitian and Syrian immigrants.
