International - Financial Times - Credit Squeeze

If the US currency continues to slide with cuts in interest rates, countries will be forced to take action

Kevin Warsh brings experience but must demonstrate his credibility to markets

President’s decision on successor to Jay Powell comes at pivotal moment for world’s most important central bank

Bloc’s performance in the face of geopolitical and trade tensions has surprised policymakers

High stakes; hot takes; no breaks

The economist is seen as an independent voice, raising the chances of future tussles with Donald Trump

Trump’s choice of chair will shift from Powell’s data-dependent approach to policy

UK prime minister travels to Shanghai seeking to drum up deals after meeting Xi Jinping

Growth was led by Spain with Germany and Italy also doing better than anticipated

President has announced Kevin Warsh as his nominee to chair US central bank

US president says he will announce nominee to replace Jay Powell on Friday morning

Also in today’s newsletter: Apple’s blockbuster quarter and HSBC targets HK IPOs

Read the central bank’s January forecast from the FT’s Monetary Policy Radar team

A European and an Indian perspective on nearly two decades of talks

Trump threatens tariff on Canada-made aircraft sold into US unless Gulfstream jets receive certification

Treasury issues ‘general licence’ that will allow American groups to purchase and resell the South American country’s oil

Europe needs to play a lead role in efforts to de-risk from Trump’s America

It’s the economy, stupid

If you want to see how entrenched the US currency is in the global system, look at the foreign exchange swap market

Latest data shows tentative signs of improvement after years in the doldrums