John Tucker

And the confirmation at this point, and that's not going to be smooth sailing.

One of the key senators, Tom Tillis, a North Carolina Republican who sits on the banking committee, has vowed to block any of President Trump's Fed nominees until the Justice Department resolves an investigation into the central bank renovation of the Washington headquarters in New York.

I'm John Tucker, Bloomberg Radio.

Yeah, it's pretty quick.

Stocks lower.

Treasury yields, for the most part, pushing higher.

The dollar is higher and gold is sliding.

This is because traders are dialing back bets on policy easing under Warsh.

But you've got to remember, too, Nathan and Karen, Warsh has aligned himself with the president in recent months by arguing publicly for lowering interest rates.

Karen and Nathan.

And good morning, Karen.

The dollar is suffering its deepest one-day drop since last year's tariff rollout after the president said he didn't think the currency had weakened excessively.

We asked former Dallas Fed President Robert Kaplan about the assertion a weak dollar makes U.S.

goods more attractive.

President Trump's seeming indifference to the dollar's drop is seen by some as another signal to sell the currency and accelerate the quiet quitting of assets like U.S.

Treasuries.

And this dollar debasement pushing gold to a record high.

Gold had earlier gone through $5,300 an ounce.

In New York, I'm John Tucker, Bloomberg Radio.

Investors seem to be running for cover, turning to gold and silver.