Nancy Marshall-Genzer
👤 SpeakerAppearances Over Time
Podcast Appearances
President Trump knows this and mentioned it in his speech at Davos, Switzerland last month.
It may be a while before we know what kind of chair Warsh would be.
He still has to be confirmed by the Senate.
Before that, he has to get the nod from the Senate Banking Committee.
It hasn't even scheduled his nomination hearing yet.
Republican Senator Tom Tillis of North Carolina says he'll oppose all of President Trump's nominees until a Justice Department investigation of current chair Jerome Powell is resolved.
Part of the pullback from precious metals is a reaction to President Trump's nomination of Kevin Warsh as chair of the Federal Reserve.
Warsh still has to be confirmed by the Senate.
He's already served on the Fed's Board of Governors.
And Warsh has a track record as an inflation hawk, reluctant to cut interest rates for fear of kindling inflation.
Warsh's nomination strengthened the dollar, and that made gold and silver less attractive as a safe haven.
Oil prices also slid after President Trump said the U.S.
may be able to make a deal with Iran, easing concerns of a disruption in Iranian oil supplies.
I'm Nancy Marshall-Genzer for Marketplace.
The report covers a 16-year period through 2023.
During that time, the number of Latino-owned businesses grew almost seven times faster than non-Latino companies.
They even powered through the Great Recession.
The report says the number of non-Latino businesses shrank slightly from 2007 to 2012, but Latino-owned firms grew by more than 46%.
As for the pandemic era, the report shows the age-adjusted death rate from COVID for Latinos was more than twice the non-Latino white rate.