Kevin Warsh, the reported frontrunner to chair the Federal Reserve, faces scrutiny over his personal wealth disclosures ahead of a Senate confirmation process. Senator Elizabeth Warren of Massachusetts has raised concerns about potential conflicts of interest embedded in Warsh's financial filings, adding political friction to a nomination already set against a backdrop of institutional controversy at the Fed. Warsh is a former Fed governor and Wall Street veteran with significant private-sector wealth accumulated since leaving the central bank in 2011. The complication matters because the Fed chair nomination requires Senate confirmation, where financial disclosure gaps or conflicts can delay or derail candidates. Warren's intervention signals that Democrats intend to make Warsh's wealth and potential entanglements a line of attack during hearings. Observers should watch whether the White House moves to address disclosure questions proactively and how Republican senators, who hold the majority, respond to pressure on the nominee's financial profile.
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.
