Fed Chair nominee Warsh says monetary policy must remain independent, but Fed must ‘stay in its lane’

Fed Chair nominee Warsh says monetary policy must remain independent, but Fed must ‘stay in its lane’

Federal Reserve chair nominee Kevin Warsh said Monday the central bank must be largely independent of political influence but also should stay focused on its primary goals. In remarks to be delivered Tuesday to the Senate Banking Committee, Warsh also expressed firm commitment to fighting inflation with only one mention of the labor market. “Simply…

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French prosecutors await Musk in X probe, unclear if he will comply

French prosecutors await Musk in X probe, unclear if he will comply

Elon Musk, chief executive officer of Tesla Inc., during the World Economic Forum (WEF) in Davos, Switzerland, on Thursday, Jan. 22, 2026. The annual Davos gathering of political leaders, top executives and celebrities runs from Jan. 19-23. Photographer: Krisztian Bocsi/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images French prosecutors were waiting to see…

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‘Bargains come when people panic’

‘Bargains come when people panic’

Howard Marks warned that investors hunting for bargains may be disappointed, saying markets are still far from distressed levels despite bouts of volatility. The co-founder and co-chairman of Oaktree Capital Management, who famously foresaw the dot-com bubble, said the current environment reflects an ongoing “tug of war” between bullish and bearish forces, with optimism largely…

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