Warsh says he didn’t promise Trump he would cut rates — live updates

Warsh, a potential Federal Reserve nominee under a second Trump administration, clarified that he did not promise former President Trump he would cut interest rates if appointed. This statement aims to dispel concerns about political influence on monetary policy independence, a key consideration for market credibility. The remarks come amid heightened scrutiny of Trump’s picks for economic roles, affecting sentiment toward Trump-linked assets like the TRUMP stock, which is sensitive to perceived policy continuity and political stability. Warsh’s denial seeks to mitigate risks of market repricing driven by fears of unorthodox Fed policy, particularly around rate cuts that could undermine inflation control. Traders will watch upcoming Fed communications and confirmation hearings for signals on policy autonomy and potential shifts in monetary strategy.

HIGH-impact news is typically a market-moving event with multi-pip or multi-percent intraday reactions. Examples include central bank rate decisions, major CPI/NFP releases, geopolitical shocks, mega-cap earnings beats/misses, and regulatory announcements. Traders typically position-reduce or hedge ahead of scheduled HIGH-impact events, and follow the wire in real time to react to unscheduled ones (war headlines, central-bank emergency statements, surprise corporate actions). The Trading News Terminal squawk box reads every HIGH-impact headline aloud the moment it hits the wire — so active traders don't have to stare at the feed.

Active traders typically follow a three-step workflow when a market-moving headline hits the wire: (1) read the headline on the terminal or hear it on the squawk box; (2) assess whether the news is already priced in (by checking intraday price action in the seconds before) or whether it's genuinely new information; (3) act — either entering a breakout position, fading an overreaction, or tightening stops on existing trades. Trading News Terminal's Pro plan delivers wire-grade headlines within seconds of the source, with automatic audio squawk on every HIGH-impact event, so the read-assess-act cycle never waits on a refresh button.