Trump to Swear in Warsh as New Fed Chair This Friday

Former President Donald Trump is set to swear in Kevin Warsh as the new chair of the Federal Reserve on Friday. This development could influence monetary policy expectations, particularly through the channel of interest rate differentials, as Warsh is known for his hawkish stance on inflation. Financial markets, particularly interest rate-sensitive assets such as bonds and equities, may react to anticipated shifts in Fed policy under Warsh's leadership. Traders will be closely watching any statements or guidance from Warsh during his inaugural address for indications of future monetary policy direction.

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.