Senators grill Kevin Warsh in Fed chair hearing
4/22/202612 min
US President Donald Trump extended the ceasefire with Iran until talks conclude, and Federal Reserve chair nominee Kevin Warsh sidestepped accusations that he would succumb to pressure from Trump to cut interest rates. Plus, a sneak peek at a new FT podcast on the lessons to learn in the history of finance.
Mentioned in this podcast:
Can Trump finally make a nuclear deal with Iran?
Kevin Warsh sidesteps questions over Donald Trump’s influence on Fed rate policy
Introducing: The Story of Money
Credit: C-SPAN
Note: The FT does not use generative AI to voice its podcasts
Today’s FT News Briefing was hosted and edited by Marc Filippino, and produced by Saffeya Ahmed and Sonja Hutson. Our show was mixed by Sam Giovinco. Additional help from Gavin Kallmann and Michael. Our executive producer is Topher Forhecz. Cheryl Brumley is the FT’s Global Head of Audio. The show’s theme music is by Metaphor Music.
Read a transcript of this episode on FT.com
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Transcript preview
First 90 secondsMarc Filippino· Host0:00
[intro music] Good morning from the Financial Times. Today is Wednesday, April 22nd, and this is your FT News Briefing. The US-Iran ceasefire lives to see another day, and American senators grill the man who could be the next Federal Reserve chair. Plus, what are some lessons that we can learn from the history of finance? A new podcast from the FT explores the ideas that shape today's institutions. I'm Mark Philippo, and here's the news you need to start your day. [intro music] US President Donald Trump extended the ceasefire with Iran. It otherwise would have expired tonight. He said on social media yesterday that the truce will remain in place until negotiations between the two countries conclude. Now, this is a bit of a change of pace. Trump said repeatedly that he did not want to extend the ceasefire. But prospects of a second round of negotiations look bleak. Iranian officials said yesterday they won't attend talks in Pakistan, and they think further talks would be, quote, "a waste of time." That's according to Iran's semi-official Tasnim news agency. Iran's foreign minister blames the stalled talks on, quote, "unacceptable actions from the US." He called the American naval blockade of all Iranian ports a, quote, "act of war" and a ceasefire violation.