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Boy, 17, pleads guilty to synagogue arson attack

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Kevin Warsh tells Congress he will maintain Fed independence despite Trump pressure – US politics live | US politics

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Warsh insists that he will maintain Fed independence, regardless of pressure from administration

During his opening statement today, Kevin Warsh told lawmakers on the banking committee that the independence of the Federal Reserve is paramount. Senator Elizabeth Warren has said that she is concerned Warsh would simply be a “sock puppet” for Donald Trump. Today, Warsh said that he does not believe that “independence of monetary policy is threatened when elected officials speak their views on rates fed. Independence is up to the Fed”.

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Warren engaged in a particularly heated exchange Trump’s pick to lead the Federal Reserve.

One of her main causes of concern is that Warsh holds assets worth well over $100m. According to the financial disclosures Warsh was required to submit for the role of Fed chair, he holds two investments worth more than $50m each in the Juggernaut Fund LP and $10.2m in consulting fees from the investment office of billionaire Stanley Druckenmiller.

However, the Juggernaut Fund investments, for example, come with confidentiality agreements that don’t require Warsh to disclose details of the assets.

Warren asked Warsh whether any of these stakes are in companies affiliated with Trump or his family, companies that have facilitated money laundering Chinese control companies, or financing vehicles set up by Jeffrey Epstein.

In response, Warsh simply insisted that he would sell these assets if confirmed, but did not directly answer Warren’s line of questions.

“You just won’t tell us,” Warren said. “Will you disclose how you [will] divest those assets, or will you just collect the check for $100m?”

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Middle East crisis live: Trump says he does not want to extend ceasefire with Iran | US-Israel war on Iran

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Trump says he does not want to extend ceasefire with Iran

President Donald Trump told CNBC in an interview on Tuesday that he did not want to extend a ceasefire with Iran, adding the US was in a strong negotiating position and would end up with what he called a great deal.

“I don’t want to do that. We don’t have that much time,” Trump said when asked about the possibility of extending the ceasefire.

Trump also said that the US was in a strong negotiating position with Iran and would end up with a “great deal”.

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Lebanon’s prime minister and French president Emmanuel Macron will discuss on Tuesday how to strengthen the country’s hand in possible direct negotiations with Israel in the United States later this week, as Beirut turns to a trusted European ally.

The US will host ambassador-level talks with Israel and Lebanon on Thursday, although it remains unclear whether the objective is to extend a fragile 10-day ceasefire between Israel and Iran-backed Hezbollah or pave the way for deeper negotiations.

Israeli troops occupy territory deep in the south, aiming to create a buffer zone to shield northern Israel from Hezbollah attack, while the group says it maintains the “right to resist” Israeli occupation.

“France’s role is not to insert itself between the parties in discussions that are, by nature, bilateral and direct,” a French presidency official said ahead of prime minister Nawaf Salam’s meeting with Macron.

“France is one of the countries capable of playing a very concrete role in strengthening the Lebanese government’s hand and supporting its action in practical terms.“

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Men guilty of church drive-by shooting murder

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Michelle Sadio had been at a wake when shots were fired from a car at mourners in north-west London.



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