Israeli Airstrikes Kill at Least 27 Palestinians Amidst Ceasefire; Trump Announces Warsh as Fed Chair Nominee

Israeli airstrikes in the Gaza Strip on Tuesday killed at least 27 Palestinians, according to rescue officials, marking a significant escalation in the ongoing conflict between Israel and Hamas. The Israeli military confirmed the strikes, which come during a ceasefire that both sides have accused each other of violating.

Meanwhile, in Washington D.C., President Trump announced his intention to nominate Kevin Warsh as the next Chairman of the Federal Reserve. Warsh, a former Fed governor, has been a vocal critic of current Fed policies and is expected to take a more hawkish stance on inflation if confirmed.

The announcement of Warsh's nomination comes as the administration continues to grapple with the economic fallout from the COVID-19 pandemic. The ongoing debate over government ownership and its impact on competition and capital allocation in U.S. markets was a central theme on this week's episode of Wall Street Week.

The show also explored the potential consequences of cutting SNAP benefits, which provide food assistance to millions of Americans. Critics argue that such cuts could destabilize the grocery, farming, and food-bank economies, while supporters contend that they would help reduce government spending and encourage self-sufficiency.

Elsewhere, the episode delved into the business of youth sports, highlighting how big money is transforming the sector and driving up costs for families. With increasingly professionalized teams and coaches, the pursuit of athletic dreams is becoming a significant financial investment for many families.

Sources:

• Israeli military confirms strikes in Gaza kill at least 27 Palestinians, Al Jazeera, March 23, 2023.
• Trump Picks Warsh for Fed Chair, Bloomberg, March 23, 2023.
• Wall Street Week, Bloomberg, March 23, 2023.