About this episode
Kevin Warsh is set to be cleared to take over the Federal Reserve just as a U.S. inflation reading is forecast to show headline CPI at its highest in about three years. Markets are already rattled after President Trump declared the Iran ceasefire "on life support," sending crude above $105 a barrel, while UK gilt yields hit their highest since 1998 as cabinet members reportedly turn against Prime Minister Keir Starmer.
Today’s recommended read: Warsh's red lines worry world finance by Mike Dolan
Subscribe to Mike Dolan's Morning Bid newsletter, and check out his columns on Reuters Open Interest
Produced by Eliza Davis Beard, Ethan Plotkin, and Abisoye Adelusi
Sound engineering and music by Sebastian and Josh Sommer
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