KATAYAMA: G7 WILL DISCUSS SPECIFIC STEPS OVER RISKS RELATED TO MYTHOS IN THE RUNUP TO SUMMIT NEXT MONTH

President Donald Trump will swear in Kevin Warsh as Federal Reserve chair during a White House ceremony on Friday, according to a White House official. Warsh will become the Fed’s 17th chair, succeeding Jerome Powell, who has remained in a temporary capacity after his leadership term expired last week. The Senate confirmed Warsh earlier this month in a 54-45 vote, the narrowest margin for a Fed chair confirmation. Warsh takes office as the Iran war adds inflation pressures and amid scrutiny over whether he will remain independent from the White House after Trump publicly called for lower interest rates.

JUDGE CONFIRMS VERDICT, AND THAT MUSK'S LAWSUIT IS DISMISSED