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Blast at Islamabad Mosque Leaves Dozens Dead

                    Blood stains at the site of a deadly explosion at a Shi'ite Muslim mosque in Islamabad, Pakistan A suicide bomber detonated explosives inside a crowded Shi’ite mosque in Islamabad, killing 31 people and injuring many others during Friday prayers. The attack struck the Tarlai neighborhood, where worshippers had gathered in large numbers, turning a moment of devotion into chaos and devastation. Witnesses described a powerful blast that shattered windows, collapsed parts of the structure, and left victims trapped beneath debris. Emergency teams and local residents worked together to rush the wounded to nearby hospitals, where several remain in critical condition. Authorities have heightened security across the capital as investigators work to determine how the attacker breached the area and whether others were involved. The bombing marks one of the deadliest assaults in the city in years and has intensified ...
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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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