Here is what you need to know.
Trump has picked Fed Chairman Jerome Powell’s right hand man. President Donald Trump is set to nominate the economist Richard Clarida to be the Federal Reserve’s next vice chairman.
China ramps up its holding of US Treasurys. China has regained its position as the US’s largest foreign creditor after announcing its Treasury holdings rose by $8.5 billion in February to a total of $1.18 trillion.