Trump picks a new Fed chief as copper trade warps - Jan 30, 2026

Prysmian Daily News Update · Jan 30, 2026 · 2m

As of January 30, today’s news is dominated by a shift at the Federal Reserve and growing distortions in global copper trade driven by tariff risks. In a significant announcement, President Donald Trump has nominated former Federal Reserve Governor Kevin Warsh as the new head of the Federal Reserve after meeting with him at the White House. Trump's decision prioritized candidate more closely aligned with his desire for lower interest rates, a shift from his earlier support of Jerome Powell. Meanwhile, China's net imports of refined copper last year were the lowest since 2017 at 3.03 million…