Trump to Appoint Kevin Warsh as Fed Chair on May 22

Former President Trump announced that he will swear in Kevin Warsh as the new Federal Reserve chair on May 22. This development is likely to influence market sentiment through changes in monetary policy expectations, particularly regarding interest rates and inflation management. The USD may experience volatility as traders reassess the Fed's future direction under Warsh's leadership, given his previous critiques of current policies. Additionally, assets linked to Trump, such as related equities or funds, could see increased trading activity as investors speculate on the implications of this appointment. Market participants will be particularly attentive to Warsh's inaugural statements and any immediate policy signals he may provide.

The US Dollar (USD) is the world's primary reserve currency and the base for most forex majors. Headlines about Federal Reserve policy, US macro data (CPI, NFP, GDP), and Treasury yield shifts typically drive USD pair direction within seconds of release.

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.