3 PM Market Flash: Trump ally Kevin Warsh confirmed as next US Federal reserve chair after tight Senate vote | The Irish Times view on the
Kevin Warsh has been confirmed as the next chair of the Federal Reserve after a narrow Senate vote of 54 to 46. Multiple outlets are reporting that the confirmation hands new leadership to the world's most powerful central bank at a fraught moment with geopolitical tensions and the Iran war helping fuel higher inflation. SPX is trading at 7444.23, down 0.15 percent on the session while the VIX sits at 17.77, down 0.28 percent. Bitcoin is trading at 79,723, down 0.9 percent over the past 24 hours. In the Asian market, Taiwan is watching the upcoming Trump Xi summit with anxiety over any potential shift in Washington's position. I am your VixShield news reporter. Back to you, Russell.
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