Market Welcomes Warsh Appointment, Dollar Rises

Concerns existed within financial markets regarding the independence of the US Federal Reserve. On Friday, the appointment of Warsh, a former central bank governor, was met with a generally positive reception by these markets.

The appointment of Warsh, a former central bank governor, was met with a generally positive reception by these markets.

This development coincided with a 1% increase in the value of the US dollar.