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IBM Vice Chair Gary Cohn backs Trump’s Fed nominee Kevin Warsh

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Business leaders weigh in on nomination of Kevin Warsh as Fed chair

IBM Vice Chair Gary Cohn said President Donald Trump’s Federal Reserve nominee Kevin Warsh is uniquely positioned to overhaul the central bank, pointing to Warsh’s hands-on role during the 2008 financial crisis and his plans to return the Fed to traditional monetary and regulatory norms.

Cohn made the remarks Sunday during an appearance on CBS’ “Face the Nation,” where host Margaret Brennan asked him about Trump’s pick to lead the Federal Reserve.

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Cohn, who worked closely with Warsh during the financial crisis while at Goldman Sachs, said the former Fed governor understands how markets respond under stress and is prepared to roll back unconventional policies, including a bloated balance sheet, while focusing the central bank on its core economic mission.

“I think we’re very fortunate to have Kevin to be the nominee,” Cohn told Brennan. “Kevin has a unique background coming in as the chair.”

WHO IS KEVIN WARSH, TRUMP’S PICK TO SUCCEED JEROME POWELL AS FED CHAIR?

Kevin Warsh speaking at an event.

Kevin Warsh, former governor of the U.S. Federal Reserve, speaks during the American Economic Association (AEA) annual conference in Chicago, on Jan. 6, 2017. (Daniel Acker/Bloomberg via Getty Images / Getty Images)

Cohn pointed to Warsh’s time at the Federal Reserve during the 2008 financial crisis, describing him as “instrumental” during the period.

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“What I mean by that is when banks were going through stress, and we saw a lot of bank mergers, we saw a lot of assets being moved around the system, Kevin was the point person at the Fed,” Cohn said. “He was involved in every one of those discussions.”

“I truly believe without Kevin’s expertise and without Kevin being there, we would not have come out of the 2008 crisis as well as we have,” he said. “So, he’s very highly qualified.”

TRUMP NOMINATES KEVIN WARSH TO SUCCEED JEROME POWELL AS FEDERAL RESERVE CHAIR

Kevin Warsh a potential Fed Chair pick

Kevin Warsh walks to lunch during the Allen & Co. Media and Technology Conference in Sun Valley, Idaho, on Wednesday, July 9, 2025. (David Paul Morris/Bloomberg via Getty Images / Getty Images)

Cohn expressed confidence that Warsh would steer the Federal Reserve back toward its traditional role, including focusing on monetary policy rather than non-financial issues.

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“There’s a pressure right now for interest rates to go lower. I think that he will probably follow through on the one to two cuts this year,” Cohn said. “Kevin also has a view that the Fed should not have the large balance sheet. You know, the Fed went in and bought enormous amounts of securities… I think that Kevin will reverse that.”

Cohn said Warsh is a traditionalist who supports strong regulation that allows markets to grow while ensuring consumers have access to capital.

FROM MORTGAGES TO CAR LOANS: HOW AFFORDABILITY RISES AND FALLS WITH THE FED

US President Donald Trump gestures as he speaks during the Asia-Pacific Economic Cooperation in Gyeongju on October 29, 2025.

President Donald Trump gestures as he speaks during the Asia-Pacific Economic Cooperation CEO Summit at the Gyeongju Arts Center in Gyeongju on Oct. 29, 2025. (Anthony Wallace/AFP/Getty Images / Getty Images)

“I think he is actually the right choice in this period of time,” he said.

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Trump formally announced Warsh’s nomination Friday, ending months of speculation over who he would choose to lead the central bank.

In announcing the pick, Trump said he has known Warsh for years and expressed confidence that he would rank among the most successful Fed chairmen in history.

TRUMP VS THE FEDERAL RESERVE: HOW THE CLASH REACHED UNCHARTED TERRITORY

Warsh must still be confirmed by the Senate before taking over one of the most powerful positions in U.S. economic policymaking.

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Before joining the Federal Reserve, Warsh worked in the private sector at Morgan Stanley and later served in President George W. Bush’s administration, building a reputation in Republican economic policy circles. Bush nominated him to the Fed’s Board of Governors in 2006, making him the youngest Fed governor in history at age 35.

Since leaving the Fed in 2011, Warsh has held academic and advisory roles, including serving as a Shepard Family Distinguished Visiting Fellow in Economics at the Hoover Institution and a visiting scholar at Stanford University’s Graduate School of Business. He also serves on the board of UPS and as a trustee of several prominent economic policy organizations.

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Warsh has been a familiar figure in past Trump administration deliberations, having been considered to replace Janet Yellen as Fed chair in 2017, when Trump instead selected Jerome Powell. He was also under consideration to serve as treasury secretary last fall before Trump nominated hedge fund manager Scott Bessent.

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FOX Business’ Eric Revell contributed to this report.

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‘Every drop of water counts’: Fear for Argentina’s glaciers

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'Every drop of water counts': Fear for Argentina's glaciers

It will now be the responsibility of the provincial governments to decide whether or not the glaciers in their region are of strategic importance – that is, whether they provide water for human consumption, agriculture, biodiversity, as a source of scientific information, or as a tourist attraction.

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Japan approves additional $4 billion for chipmaker Rapidus

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Japan approves additional $4 billion for chipmaker Rapidus


Japan approves additional $4 billion for chipmaker Rapidus

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Ceasefire Brings Relief, But Outlooks Remain Complex

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Ceasefire Brings Relief, But Outlooks Remain Complex

Ceasefire Brings Relief, But Outlooks Remain Complex

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Iran’s new supreme leader has severe and disfiguring wounds, sources say

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Iran’s new supreme leader has severe and disfiguring wounds, sources say


Iran’s new supreme leader has severe and disfiguring wounds, sources say

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Albemarle: Strategic Asset In Energy Security (Rating Upgrade)

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Albemarle: Strategic Asset In Energy Security (Rating Upgrade)

Albemarle: Strategic Asset In Energy Security (Rating Upgrade)

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Osterweis Capital Management Q2 2026 Equity Outlook

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Marching Through Iran - A First Quarter 2026 Review

Osterweis Capital Management was founded in 1983 to serve the portfolio management needs of high net worth individuals and institutions. We believe the best way to protect and grow assets is through carefully selected, high conviction portfolios that are designed to capture upside in favorable markets and limit downside during selloffs. We manage equities and fixed income, which are available through mutual funds and separate accounts. Note: This account is not managed or monitored by Osterweis Capital Management, and any messages sent via Seeking Alpha will not receive a response. For inquiries or communication, please use the firm’s official channels. Mutual fund investing involves risk. Principal loss is possible. Distributed by Quasar Distributors, LLC.

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US plane carrying team for talks with Iran lands in Islamabad, two Pakistani sources say

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US plane carrying team for talks with Iran lands in Islamabad, two Pakistani sources say


US plane carrying team for talks with Iran lands in Islamabad, two Pakistani sources say

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E-commerce Trends Reshaping the Shopping Experience

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More than £100 billion in overdue invoices were logged by UK companies in the first nine months of 2025, as late payment practices hit record levels and small businesses bear the brunt.

The UK retail sector is undergoing a dramatic transformation, driven by rapid digital adoption and evolving consumer expectations.

Businesses are now turning to innovative digital strategies to enhance customer experiences and tap into new markets. Rising trends in artificial intelligence, omnichannel shopping, and secure digital payments are all playing pivotal roles in this evolution.

Retail Landscape in the Digital Era

Over the past decade, the traditional high street has steadily given way to a dynamic online marketplace. The growth of e-commerce is not only reshaping how goods and services are sold but is also redefining brand-customer interactions. As consumers become more comfortable with digital transactions, businesses—from small local retailers to multinational chains—are investing heavily in digital tools to remain competitive. The convergence of retail and technology is ushering in an era where personalized shopping experiences and data-driven insights are becoming the norm.

In this context, even industries that might seem distant from traditional retail, such as the online gaming sphere, have experienced parallel digital shifts. The integration of state-of-the-art technology has allowed these sectors to not only attract but also engage a tech-savvy clientele. For instance, the online gaming industry has seen a surge in digital offerings which, in many respects, parallel the changes seen in retail. Numerous industry critiques highlight the best online casinos in Europe, where digital advancements have redefined consumer engagement. This cross-industry adoption underlines how technology transforms not only retail but also the broader leisure and entertainment sectors.

Key Drivers of Change in UK Retail

The unprecedented pace of technological innovation is one of the foremost drivers behind the digital transformation of retail. Shifting consumer habits—accentuated by the convenience of online platforms—have pushed retailers to invest in modern e-commerce systems and integrated shopping solutions. Moreover, the importance of mobile commerce has grown significantly, as a growing number of consumers embrace smartphone-based shopping.

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Modern digital ecosystems rely on robust security measures and resilient data handling methods. Evolving consumer privacy demands and regulatory pressures have pressed businesses to implement better data protection routines. This pivot not only safeguards consumer trust but also supports a more secure retail environment essential for long-term growth.

Data-Driven Insights and Consumer Behavior

Understanding consumer behavior is crucial for retailers navigating digital transformation. With an expanding digital footprint, companies now have access to vast amounts of data that can be harnessed to tailor marketing strategies and optimize supply chains. The analysis of consumer data has revealed that preferences are shifting towards personalized shopping experiences, and retailers are responding by deploying artificial intelligence and machine learning technologies to predict needs and simplify transactions.

Recent research, such as the YouGov UK Retail Round-Up 2025: Key Trends and Insights, shows that online retail now accounts for approximately 26–27 percent of total retail sales. These insights underscore how digital transformation has matured post-pandemic, stimulating the adoption of omnichannel strategies that blend e-commerce with in-store experiences. Retailers adopting these strategies are better placed to respond quickly to consumer demands and competitive pressures.

Smart Technologies and AI Adoption

Artificial intelligence is revolutionizing the retail landscape by providing tools to handle inventory, forecast trends, and even personalize customer recommendations. AI-driven chatbots, for example, have become integral to customer service, providing real-time assistance and helping resolve issues efficiently. Simultaneously, smart analytics platforms enable businesses to measure campaign effectiveness, optimize supply chains, and maintain inventory control with unparalleled precision.

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The adoption of cloud-based systems and secure digital infrastructures further ensures that retailers can operate smoothly in an increasingly interconnected marketplace. With technology continuing its relentless progress, retailers not only reduce operational costs but also enhance overall customer satisfaction.

Ensuring Security and Compliance in a Digital Era

As retailers accelerate their digital initiatives, the issue of cybersecurity and compliance has become central to sustaining consumer confidence. With the increased volume of online transactions, there is a proportional rise in the risk of cyber threats and data breaches. Businesses must balance embracing digital innovation with implementing rigorous security protocols.

Investments in advanced encryption methods and robust compliance frameworks are essential. This equilibrium ensures that while the consumer experience becomes increasingly personalized and efficient, it remains uncompromised in terms of privacy and security. Additionally, regulatory bodies are stepping in to ensure transparency and accountability across all digital channels. Such measures are vital not only to protect sensitive consumer data but also to maintain the overall integrity of the digital marketplace.

Future Outlook: Collaborative Synergies in Retail & Digital Entertainment

Looking forward, the digital transformation in UK retail appears set to deepen as retailers further integrate technology into all facets of their operations. Emerging business models now favor collaboration between retail technology and other tech-driven sectors, including digital entertainment. Innovations in augmented reality, virtual shopping environments, and data analytics are enabling shoppers to experience products in entirely new ways.

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This collaborative trend has even spurred strategic partnerships between retailers and online gaming platforms. Such partnerships allow for an exchange of expertise where gamification elements are introduced in loyalty programs, and interactive customer experiences are developed across digital channels. These efforts are indicative of the broader convergence between retail and digital entertainment, pointing toward a future where the boundaries between shopping, entertainment, and gaming increasingly blur.

Further reinforcing this outlook, the Deloitte Global Retail Outlook provides forecasts that highlight the continuing growth of online channels, backed by technological advancements. Such data not only validate the current trends but also underscore the long-term viability of digital-first strategies in retail.

Furthermore, the evolution of digital payment solutions and blockchain technologies is expected to streamline secure transactions and minimize fraud. As retailers harness these advancements, the overall customer experience becomes smoother, more integrated, and firmly positioned for the future.

Embracing Change with Strategic Vision

Looking at the bigger picture, the digital transformation of the retail sector is not a temporary shift but a fundamental change in how business is conducted. For executives and industry leaders, it becomes imperative to adopt a forward-thinking approach. This involves not only significant investments in technology but also cultivating an organizational culture that embraces innovation.

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For instance, integrating advanced analytics into business strategy enables leaders to make informed decisions backed by real-time data. Emphasizing transparency with stakeholders while aligning with regulatory frameworks further strengthens market positioning. In this evolving landscape, retailers that succeed will be those that remain agile, invest in cutting-edge technologies, and continuously refine their digital strategies.

Conclusion: Navigating the Digital Frontier

The rapid pace of digital transformation presents both significant challenges and exciting opportunities for the UK retail sector. As businesses continue to invest in technology and adapt to digital consumer trends, the industry is poised for a new era where personalized experiences, robust security, and innovative collaboration become the norm.

Ultimately, the convergence of retail, technology, and digital entertainment underscores a broader shift toward a more integrated and dynamic consumer ecosystem. With data-driven insights, smart technologies, and collaborative partnerships across industries, the digital journey of UK retail is likely to inspire a wave of innovation that sets the stage for future growth.

As stakeholders navigate this evolving landscape, maintaining a strategic vision that harnesses these new opportunities will be key to staying ahead in an increasingly digital marketplace.

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Eric Swalwell, candidate for California governor, denies sexual assault allegations

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Eric Swalwell, candidate for California governor, denies sexual assault allegations


Eric Swalwell, candidate for California governor, denies sexual assault allegations

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Regulator bars 39 entities for alleged manipulation of RRP Semicon share price

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Regulator bars 39 entities for alleged manipulation of RRP Semicon share price
The Securities and Exchange Board of India (Sebi) on Friday passed an interim order in the matter of RRP Semiconductor for alleged share price manipulation and barred 39 entities from dealing in the shares of the company.

The regulator said the stock has risen over 700 times in just 19 months. It said the company’s shares rose from ₹15 in April 2024 to ₹10,887 by October 2025, a surge that was not supported by its financials or business fundamentals.

During its investigation, Sebi observed that there was a coordinated network of promoters, preferential allottees, off-market transferees and a set of trading entities, who artificially inflated the share price of RRP Semiconductor.

The regulator said the scheme appears to have commenced with the acquisition of control of the company by Ira Mishra, the daughter of Ramesh Mishra, who was subsequently appointed as a director in the company. This was followed by a significant increase in the share capital of RRP through preferential allotment of shares to select entities.

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The primary beneficiary of the allotment was one Rajendra Chodankar, who holds 74.5% of the share capital of RRP post allotment. Sumita Mishra, wife of Ramesh Mishra, was also a preferential allottee. Of the remaining preferential allottees, three were brought in by Ramesh Mishra and the rest byChodankar, it said.


The preferential allotment was accompanied by the company altering its MoA and changing its name to “RRP Semiconductor”, apparently to showcase its future forays into the promising semiconductor space. Simultaneously, the public shareholding (a small part of which was in demat mode) was fragmented and distributed through a chain of off-market transfers to multiple entities in small quantities, Sebi said in its order.
“The off-market transferees subsequently sold shares of RRP in minuscule quantities, largely to entities that consistently placed large buy orders at upper circuit limits and contributed significantly to the total market positive LTP. The trading pattern, characterised by insignificant sell quantities and aggressive buy orders at circuit limits, is prima facie not reflective of genuine market behaviour, but indicative of a pre-arranged and manipulative strategy to artificially inflate the price of the scrip of RRP,” Sebi whole-time member Amarjeet Singh said in his order.

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