Beiyi Seow

Economics correspondent at @AFP in Washington DC, covering the Treasury Dept, trade & tariff policy. Previously in 🇨🇳 / 🇸🇬. Reach out at [email protected].

[Beiyi Seow @beiyis]

Delivering remarks in Rehoboth, President Biden says plans to speak to former president Trump soon, hopes to speak to him tonight.

[Beiyi Seow @beiyis]

And some tariff reductions announced late Monday:
https://t.co/WI2ZwDZ5AQ

[Beiyi Seow @beiyis]

Trump says Pulte to serve as acting Director of National Intelligence, according to a Truth Social post. He is to remain FHFA director.

[First To Hear It @firsttohearit]

REPORTER: You mentioned that, staying on as Fed governor, you intend to keep a low profile. Could you give us a little more detail on what that looks like?

JEROME POWELL: *ducks down*

[Beiyi Seow @beiyis]

Fed chief Jerome Powell says he’ll stay on as a central bank governor after his term chairing the US central bank comes to an end May 15:

https://t.co/Jt4AOlWoIG

[Beiyi Seow @beiyis]

Senate Banking Committee votes 13-11 to advance Kevin Warsh's nomination as the next Federal Reserve chairman.

[AFP News Agency @AFP]

What began as a glittering Washington gala plunged into panic when loud bangs rang out, guests screamed “Get down!” and Secret Service agents dragged President Donald Trump from the stage, weapons drawn, as hundreds cowered on the ballroom floor.

https://t.co/YRstSRcXS9

[Anthony Guglielmi @AJGuglielmi]

We will provide updates as they become available and confirm information. Our teams are on the ground assessing the situation and investigating. All of our protectees are safe.

[Danny Kemp @dannyctkemp]

This evening has been nuts

[Beiyi Seow @beiyis]

US Justice Department dropping criminal probe into Fed Chair Jerome Powell, clearing the way for his successor’s confirmation.

Senator Thom Tillis on the Senate Banking Committee earlier said he would block Fed appointments until the probe was resolved.

[Beiyi Seow @beiyis]

Kevin Warsh told the Senate Banking Committee this morning that he would "absolutely not" be Trump's sock puppet -- an accusation that Democratic Senator Elizabeth Warren has lobbed at him amid the president’s intense pressure on the Federal Reserve to cut interest rates.

[AFP News Agency @AFP]

Donald Trump's choice to lead the US Federal Reserve, Kevin Warsh, stressed that he would not be controlled by the president as he fielded questions on his assets and central bank independence during his confirmation hearing. AFP story by @beiyis
https://t.co/xcGxRey7dk

[Beiyi Seow @beiyis]

President Trump’s nominee to succeed Powell as Fed chairman — Kevin Warsh — arrives at his confirmation hearing this morning:

[Beiyi Seow @beiyis]

US Treasury issues temporary sanctions waiver for Russian oil and petroleum products that are at sea, extending an earlier license that aimed to soften global supply shocks due to war in the Middle East.
Days ago, Treasury Secretary Scott Bessent said there would be no extension.

[Beiyi Seow @beiyis]

Trump writes on Truth Social that Strait of Hormuz is “completely open” but US naval blockage remains in effect “as it pertains to Iran” for now.

His comments come after Iran foreign minister says Strait of Hormuz will be open as long a ceasefire lasts in Middle East.

[Josh Wingrove @josh_wingrove]

Trump says he’ll try to pay TSA agents by executive order. (It’s not at all clear he can, to put it mildly.)

[Beiyi Seow @beiyis]

Trump expects to visit China in "about five or six weeks," delaying a visit originally planned for Mar 31 - Apr 2 due to his war on Iran --
@AureliaEndAFP
reports:
https://t.co/cpGxKVJBPS

[Beiyi Seow @beiyis]

Financial Times reports that Trump says he’s expecting China to help unblock Strait of Hormuz before he travels to Beijing at the end of the month — also said his trip could be delayed.

[Beiyi Seow @beiyis]

US-China talks taking place in Paris this Sunday and Monday, with top economic officials meeting at OECD’s headquarters.

This comes ahead of President Trump’s planned travel to China where he’s expected to meet Chinese leader Xi.

[Mathias Cormann @MathiasCormann]

The OECD is pleased to welcome 🇺🇸 Treasury @SecScottBessent & USTR @JamiesonGreer and the 🇨🇳 Vice Premier He Lifeng to our Paris headquarters today.

We wish both sides productive discussions. 🇺🇸🇨🇳

[Beiyi Seow @beiyis]

A US federal judge has quashed subpoenas in the Justice Department's probe into Fed Chair Jerome Powell, sparking sharp criticism from US prosecutor Jeanine Pirro.

She vows that the DOJ will appeal the judge's "outrageous decision," per @AsadHashim

[Beiyi Seow @beiyis]

This morning: US GDP growth revised sharply lower for the fourth quarter, from 1.4% initially estimated to a 0.7% annual rate.

[Beiyi Seow @beiyis]

In other news, US also confirmed Bessent, USTR Greer and Chinese Vice Premier He Lifeng will meet in Paris on Sunday and Monday, ahead of President Trump's visit to China in less than 3 weeks -- where he's expected to meet Chinese leader Xi Jinping:
https://t.co/sdUfK2OrRK