Germany’s far-right boosted by stance against Iran war

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  Published by Capital Client Group, Inc. Good morning from the Financial Times.

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  Today is Thursday, May 14th, and this is your FT News Briefing.

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  The Federal Reserve is set to have a new chair at last.

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  And Germany's far-right party is now leading in opinion polls.

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  Plus, the Bank of England wants to roll out the welcome mat to stablecoins.

• 00:39

  There's a real feeling that the U.S. Has stolen a march in this industry.

• 00:43

  And there's a real danger that we could be left behind.

• 00:46

  I'm Sonia Hudson, and here's the news you need to start your day.

• 00:59

  U.S. Senate confirmed Kevin Warsh as the next federal reserve chair yesterday.

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  It was a turbulent journey, but lawmakers ultimately voted 54 to 45 in favor of his appointment.

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  Warsh is no stranger to the Fed.

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  He served as a governor in the mid-2000s.

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  U.S. President Donald Trump is expected to sign off on his confirmation,

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  but Warsh has to sell off more than $130 million in assets before he steps into his new job.

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  Jay Powell could remain chair until that's settled.

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  Warsh enters the role with an American economy that's facing high inflation.

• 01:38

  Data from this week showed sharp price rises in April.

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