Fed chair nominee Warsh may want smaller Fed holdings, but that’s not easy to do

Kevin Warsh, tapped to become the ‍next Federal Reserve chair, may want to significantly contract the central bank’s multi-trillion-dollar balance sheet, but experts agree that financial realities strongly indicate accomplishing this goal will be difficult and slow, if it can be done at ⁠all. That’s because Fed holdings and the regime that’s grown to manage […]

IBM Vice Chair Gary Cohn backs Trump’s Fed nominee Kevin Warsh

Rep. Jodey Arrington, R-Texas, explains how Fed Chair pick Kevin Warsh will ‘restore integrity’ in the Federal Reserve on ‘The Bottom Line.’ IBM Vice Chair Gary Cohn said President Donald Trump’s Federal Reserve nominee Kevin Warsh is uniquely positioned to overhaul the central bank, pointing to Warsh’s hands-on role during the 2008 financial crisis and […]

India to assume chair of global diamond watchdog Kimberley Process from Jan 1| Business News

NEW DELHI: India will assume chairmanship of the UN-backed global forum Kimberley Process (KP) to prevent trade of conflict diamonds from January 1 for the third time, Union commerce and industry minister Piyush Goyal said. FILE PHOTO: Diamonds are displayed during a visit to the De Beers Global Sightholder Sales (GSS) in Gaborone, Botswana November 24, 2015 […]