Washington, May 23 (IANS) President Donald Trump swore in Kevin Warsh as Chairman of the Federal Reserve Board and said he would restore confidence in the US’ Central bank.Speaking at the White House East Room ceremony on Friday, Trump called Warsh “one of the truly great chairmen of the Federal Reserve that we’ve ever had”.”He’s respected by everybody, and that’s so important in that position,” the US President said.Warsh took the oath of office from Supreme Court Justice Clarence Thomas before…
Latest Commerce Secretary Howard Lutnick News & Updates
Washington, Feb 24 (IANS) The US on Tuesday signalled a sharp escalation in export control enforcement, warning that companies and individuals violating dual-use technology restrictions would face tougher penalties and increased scrutiny. Testifying before the House Committee on Foreign Affairs’ South and Central Asia Subcommittee, David Peters, Assistant Secretary for Export Enforcement at the Bureau of Industry and Security (BIS), said the risks to American technology had “never been highe…