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Evacuation in the Snow: Fears of Conflict Drive Mass Exodus from Pakistan’s Tirah Valley

Residents from Tirah valley, who fled a remote mountainous region bordering Afghanistan, gather to get themself registered, in Bara, Khyber District of Khyber Pakhtunkhwa province, Pakistan A wave of displacement is sweeping through northwest Pakistan as thousands of families flee the Tirah Valley after mosque loudspeakers warned residents of possible upcoming military action. The sudden announcements triggered a rapid and chaotic departure, with many families leaving in the middle of harsh winter conditions. Residents describe a tense atmosphere in the valley, where fears of renewed conflict between security forces and militant groups have been simmering for months. Entire communities have packed their belongings onto trucks, donkeys, and makeshift carts, heading toward safer towns such as Bara and Peshawar. Government officials insist that no military operation has been ordered and attribute the movement of people to seasonal migration patterns. Locals strongly dispute this, sayi...
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Kevin Warsh: The Former Fed Governor Poised for a Return to Power

 

Kevin Warsh would replace current Fed chair Jerome Powell when his term expires in May, after U.S. President Donald Trump announced his nomination to the post on Friday. 

Kevin Warsh, recently nominated by President Donald Trump to lead the U.S. Federal Reserve, is a familiar figure in American economic policy circles. Known for his blend of Wall Street experience and central‑bank expertise, Warsh’s return to the spotlight signals a potentially significant shift in the direction of U.S. monetary policy.

Warsh previously served as a Federal Reserve governor from 2006 to 2011, a period defined by the global financial crisis. During that time, he acted as a key liaison between the Fed and major financial institutions, helping shape emergency responses during the most turbulent economic period in decades. Before joining the Fed, he worked as an executive at Morgan Stanley and served as an economic advisor in the George W. Bush administration.

In the years since leaving the central bank, Warsh has remained active in economic policy debates, often advocating for a more restrained approach to monetary intervention. More recently, however, his views have aligned more closely with President Trump’s preference for lower interest rates — a shift that likely contributed to his nomination.

If confirmed, Warsh would take over at a pivotal moment, with markets sensitive to interest‑rate decisions and global economies navigating a complex post‑pandemic landscape. His leadership style, crisis‑era experience, and evolving policy stance will shape not only the U.S. economy but also financial conditions felt across borders, including in Canada.


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