Finance And Politics News

The latest finance and politics stories, summarized by AI

Japanese Stocks Rise Amid Political Uncertainty and US-China Tensions

Sanae Takaichi's rise as Japan's potential first female prime minister boosts the Nikkei to an all-time high, amid mixed Chinese economic data and ongoing US government shutdown concerns, with markets focusing on corporate earnings and global economic policies.

2 months ago•Source: Reuters

Investors Wary of Possible Shadow Fed Chair

finance-and-politics

9.39 min•6 months ago

Investors Wary of Possible Shadow Fed Chair

President Trump is considering appointing a shadow Fed chair by announcing a replacement for Jay Powell before his term ends, which could influence markets and undermine Fed independence. The potential candidates include Kevin Warsh, Kevin Hassett, Scott Bessent, Christopher Waller, and David Malpass. This move has raised concerns among market observers and policymakers about political interference in monetary policy.

via The New York Times