Google Cloud revenue growth accelerated to 48% this quarter, compared to 30% the previous year. Operating profit rose from $2.1 billion to $5.3 billion.

Warsh has previously criticized the blind reliance on models developed by PhD economists

Finally, some differences are expected between Warsh and Powell. Under Warsh, the Fed is likely to adopt a structure that is less talkative but more responsive to data, work more closely with the White House, and be more influenced by market signals (bond yields, credit spreads) rather than theory

However, he has recently argued that productivity gains driven by artificial intelligence and technology can support growth without causing inflation

Kevin Warsh's economic views are close to the classic "Sound Money" principles but also contain flexibilities compatible with the Trump administration. Historically, he has taken a hawkish stance. He has always been wary of the Fed's balance sheet growing excessively

Meanwhile, Kevin Warsh is married to Jane Lauder, heiress to the Estée Lauder empire. Jane Lauder has a net worth of $2.7 billion, according to Forbes. This marriage makes him quite financially independent. Some market commentators say this financial power could shield him from political pressure

Because he understood the language of banks, he conducted direct negotiations with the CEOs of major banks during the height of the crisis. However, he resigned in 2011 after opposing the Fed's second round of quantitative easing (QE2)

During the 2008 Financial Crisis, he served as Ben Bernanke's closest advisor. His primary role at the time was to facilitate communication between Wall Street and Washington

Warsh began his career in the mergers and acquisitions (M&A) department at Morgan Stanley. He rose to become Vice President and Managing Director there. At just 35 years old, he was appointed to the Federal Reserve Board of Governors, becoming one of its youngest members in history

His background as a lawyer is similar to that of the current chairman, Jerome Powell; neither of them are academic economists with doctorates

His background highlights his identity as a market professional and lawyer rather than a traditional economist. Kevin Warsh completed his undergraduate degree in Public Policy at Stanford University. During this time, he focused on economics and statistics. He then graduated from Harvard Law School

Looking at the largest silver producers by country, Mexico ranks first. There is a significant gap between it and China, which ranks second

Note: Although Mexico is the largest silver producer, Peru has the largest silver reserves

🗓️Thursday

🔹Jobless Claims
🔹US Trade Balance

🗓️Friday

🔹Eurozone GDP
🔹France GDP
🔹Germany GDP