The White House has asked Cook to respond within three weeks to mortgage-fraud allegations that her lawyer called baseless, according to a report by ABC News on Friday
Warsh, who took over as Fed chair in May, has said he has "no tolerance" for inflation that has remained above the central bank's 2 per cent target for more than five years
Experts advise investors to avoid aggressive buying and accumulate gold and silver gradually on dips as Fed policy uncertainty keeps precious metal prices volatile
Asian chipmakers have been the centre of attention this week after a deep selloff in South Korean stocks that wiped more than $2 trillion from the country's equity market rocked markets
Keeping rates unchanged would leave the Fed's policy options open while giving officials more time to see how the economy is evolving
The Federal Reserve, Bank of England and Bank of Japan face key policy decisions as rising oil prices, inflation risks and tariffs cloud the global economic outlook
Federal Reserve Chairman Kevin Warsh said President Donald Trump has not tried to influence monetary policy and reaffirmed his commitment to the central bank's independence
Federal Reserve Governor Lisa Cook said inflation risks now outweigh labour market concerns and signalled she is prepared to act if disinflation does not resume soon
Fed Chair Kevin Warsh said AI-driven price increases may not be inflationary, arguing higher investment could boost productivity and wages over time
US consumer inflation eased more than expected in June as energy prices retreated, though markets still see a possibility of a Federal Reserve rate increase this year
Fed minutes show some officials considered a rate hike as persistent inflation, energy prices and AI-driven demand kept pressure on the US interest-rate outlook
Falling oil prices offer India short-term relief, but the RBI warns that geopolitical tensions and shifting global capital flows continue to pose financial stability risks
Fed Chair Kevin Warsh said US inflation risks have eased and reaffirmed the central bank's commitment to price stability, while ruling out forward guidance on rates
Aside from the shifts, one of the biggest takeaways from the Fed statement and Mr Warsh's first press conference as its chairman was the firm commitment to price stability and the 2% inflation target
The changes underscored the new chairman's intent to deliver immediately on past criticisms of the practice of offering 'forward guidance' on the future path of interest rates
The Fed kept rates unchanged but signalled a possible hike later this year as inflation concerns persisted under new Chair Kevin Warsh
Kevin Warsh faces a delicate debut as Fed chief, balancing inflation risks, market expectations and Trump's calls for lower rates
On Wall Street, all three indexes ended lower, led by a selloff in technology shares, including AI chipmaker Nvidia
Powell exited the top job at the Fed earlier this month with a legacy in part defined by his defense of the central bank against relentless pressure from Trump and his allies
With the Iran war unleashing the biggest inflation surge since 2023, traders are pricing in that the Fed is virtually certain to start raising rates by December