Category: Appointments and Executive Changes

Senate Confirms Kevin Warsh as Fed Chair

The New York Times – Business:
President Trump’s pick to replace Jerome H. Powell takes the helm at a highly uncertain moment for the economy and with heightened concern about the Federal Reserve’s ability to operate independently.
Rich Danker, RFK Jr.’s Top Spokesman, Resigns in Protest Over New Vaping Policy

The New York Times – Business:
In a letter to President Trump, the spokesman, Rich Danker, said allowing the sale of flavored e-cigarettes would enhance their appeal to children.
F.D.A. Commissioner Marty Makary Resigns After Weeks of Pressure

The New York Times – Business:
The agency’s top food official will step in as acting commissioner, after Dr. Makary’s tumultuous run as the nation’s top food, drug, tobacco and medical device regulator.
Trump Plans to Fire F.D.A. Commissioner Marty Makary

The New York Times – Business:
Dr. Makary has been a supporter of the Make American Healthy Again Movement but made some enemies in the administration over vaping, the abortion pill and rejections of new drugs.
Disney Posts Strong Earnings Despite Slowdown in Park Visitors

The New York Times – Business:
Disney parks are closely watched as a bellwether for consumer confidence.
Warsh Clears an Early Hurdle on Path to Fed Chair

The New York Times – Business:
The Senate Banking Committee advanced Kevin Warsh’s nomination as Fed chair on Wednesday, teeing up the full chamber to hold a vote soon.
New Disney Boss Is Tested by Trump and His Administration

The New York Times – Business:
Josh D’Amaro, who took the helm in February, will have to lead Disney through surprising new scrutiny from the president.
Transition to a New Fed Chair Is Unlikely to Mean Immediate Rate Cuts

The New York Times – Business:
The Federal Reserve is expected to hold interest rates steady this week as Jerome H. Powell presides over what is likely to be his last meeting as chair.
Justice Department Drops Criminal Investigation of Fed Chair Jerome Powell

The New York Times – Business:
The decision to end the inquiry into Jerome H. Powell’s handling of the Federal Reserve’s renovation could allow Kevin M. Warsh, the president’s pick for Fed chair, to be confirmed.
How Kevin Warsh Could Shrink the Fed’s Footprint in Financial Markets

The New York Times – Business:
President Trump’s nominee to become the next chair of the Federal Reserve wants to overhaul the central bank, including its more than $6 trillion balance sheet.
Two Litigation Partners Depart Paul Weiss

The New York Times – Business:
Kannon Shanmugam and Masha Hansford are the latest in a string of litigators who have left the influential New York law firm.
Heidi O’Neill, Formerly of Nike, Will Be New Lululemon’s New CEO

The New York Times – Business:
Heidi O’Neill will join the maker of yoga pants and other athletic clothing in September.