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Kevin Warsh confirmed as Fed chair amid tight vote; Trump meets Xi on key US-China issues.

Market News
14 May 2026
CNBC
View Source
Neutral
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Kevin Warsh was confirmed as the next Federal Reserve chair in a narrow Senate vote, signaling potential challenges ahead in U.S. monetary policy. Meanwhile, President Trump met with Chinese President Xi Jinping in Beijing, discussing critical topics including the Iran war, economic cooperation, and Taiwan. The S&P 500 hit record highs driven by tech stocks despite inflation concerns. Cisco beat earnings expectations and announced job cuts, while U.S. beer sales declined amid rising gas prices linked to the Iran conflict.

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