Amy Morris
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News When You Want It with Bloomberg News Now.
I'm Amy Morris.
The Director of National Intelligence Tulsi Gabbard has resigned.
Gabbard posted on social media a resignation letter to President Trump revealing that her husband has been diagnosed with a particularly rare form of bone cancer.
Gabbard says she's stepping away from public service to support him.
Gabbard's last day as Director of National Intelligence will be June 30th.
That's News When You Want It with Bloomberg News Now.
I'm Amy Morris and this is Bloomberg.
News when you want it with Bloomberg News Now.
I'm Amy Morris.
The director of national intelligence, Tulsi Gabbard, is reportedly resigning from the Trump administration.
We have multiple news outlets now reporting Gabbard's resignation is coming soon.
As we get more information on this, of course, we will update you.
New Fed Chair Kevin Warsh has been sworn in as the 17th head of the Federal Reserve to promote price stability and maximum employment.
President Trump says he wants Warsh to be totally independent as the new Fed chair.
Warsh takes over at a tense moment for the economy and central bank.
Price pressures have reaccelerated in recent months, driven by the impact of the war on Iran.
Fed Governor Christopher Waller supports making it clear that the central bank's next interest rate move is just as likely to be an increase as a cut.
Waller described the inflation outlook as the bigger driver of policy now.
He spoke at a conference in Frankfurt, Germany.