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EMERGING MARKETS: Global News: November 22

EMERGING MARKETS
BulletEM BulletEmerging Market News
  • US (WSJ) – President-elect Trump has floated selecting financier Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell's term as chair ends in 2026, according to people familiar with the matter. Warsh is a front-runner to lead the Treasury Department, but as of Thursday, Trump hadn't decided whom he would choose for the position.
  • US (MNI) – Following the withdrawal of former Rep. Matt Gaetz from the process to become the next US Attorney General, President-elect Trump moved swiftly in nominating former Florida AG Pam Bondi for the role. Bondi, who served in the Florida AG role from 2011-19, sat on Trump's legal team during his first impeachment process and became an increasingly prominent figure on the campaign trail ahead of the Nov 5 election.
  • EU (BBG) – The ECB is clearly on a path of lowering interest rates, but how much it cuts at each monetary policy meeting is not as important, Vice President Luis de Guindos said. He added that wage growth will slow next year and that the ECB expects the pace of consumer-price rises to converge toward its 2% target.
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  • US (WSJ) – President-elect Trump has floated selecting financier Kevin Warsh as his Treasury secretary with the understanding that he could later be nominated to lead the Federal Reserve when Jerome Powell's term as chair ends in 2026, according to people familiar with the matter. Warsh is a front-runner to lead the Treasury Department, but as of Thursday, Trump hadn't decided whom he would choose for the position.
  • US (MNI) – Following the withdrawal of former Rep. Matt Gaetz from the process to become the next US Attorney General, President-elect Trump moved swiftly in nominating former Florida AG Pam Bondi for the role. Bondi, who served in the Florida AG role from 2011-19, sat on Trump's legal team during his first impeachment process and became an increasingly prominent figure on the campaign trail ahead of the Nov 5 election.
  • EU (BBG) – The ECB is clearly on a path of lowering interest rates, but how much it cuts at each monetary policy meeting is not as important, Vice President Luis de Guindos said. He added that wage growth will slow next year and that the ECB expects the pace of consumer-price rises to converge toward its 2% target.