“President Trump’s pick for the Federal Reserve Board, Judy Shelton, came under fire from Republican lawmakers on Thursday, signaling trouble ahead for her nomination,” Bloomberg reports.

“Speaking to reporters after a Senate Banking Committee hearing on her appointment, Senators Richard Shelby from Alabama, Patrick Toomey from Pennsylvania and John Kennedy from Louisiana all said they had not decided if they would vote for her confirmation.”

Sen. Bernie Sanders hit back at Jamie Dimon after the JPMorgan Chase CEO derided socialism as something that leads to “eroding society,” The Hill reports.

Said Sanders: “That’s funny. Jamie Dimon seemed fine with corporate socialism when his bank got a $416 billion bailout from American taxpayers.”

Sens. Elizabeth Warren (D-MA) sent a letter to federal regulatory agencies asking them to investigate whether President Trump violated the law by telling guests at his Mar-a-Lago club to expect a “big” response to Iran’s killing of an American contractor in Iraq, Axios reports.

Bridgewater, the world’s biggest hedge fund, has bet more than $1 billion that stock markets around the world will fall by March, the Wall Street Journal reports.

“The wager, assembled over a span of months and executed by a handful of Wall Street firms, including Goldman Sachs Group Inc. and Morgan Stanley, would pay off… if either the S&P 500 or the Euro Stoxx 50 declines.”

“Give me some of that. Give me some of that money. I want some of that money.”

— President Trump, quoted by CNBC, railing against the Federal Reserve Board.

JP Morgan CEO Jamie Dimon told CNBC that Sen. Elizabeth Warren “vilifies” successful people.

“She uses some pretty harsh words, you know, some would say vilifies successful people. I don’t like vilifying anybody. I think we should applaud successful people.”

Wall Street Journal: “The U.K. Parliament’s decision on Saturday to postpone a final vote on the country’s exit from the European Union marks the latest geopolitical development likely to swing financial markets, highlighting the extreme levels of uncertainty that some investors worry isn’t being properly accounted for with U.S. stocks near all-time highs.”

Vanity Fair: “Traders in the Chicago pits have been watching these kinds of wagers with an increasing mixture of shock and awe since the start of the Trump presidency. They are used to rapid fluctuations in the S&P 500 index; volatility is common, of course. But the precision and timing of these trades, and the vast amount of money being made as a result of them, make the traders wonder if all this is on the level.”

“Are the people behind these trades incredibly lucky, or do they have access to information that other people don’t have about, say, Trump’s or Beijing’s latest thinking on the trade war or any other of a number of ways that Trump is able to move the markets through his tweeting or slips of the tongue? Essentially, do they have inside information?”

“Treasury Department officials are considering rolling back a tax rule aimed at preventing American companies from moving money offshore to avoid U.S. taxes,” Bloomberg reports.

“Treasury could narrow regulations aimed at preventing U.S. firms from lowering their U.S. tax bills by borrowing from an offshore branch of the company. The department is also contemplating repealing them entirely to replace them with something more business-friendly.”

President Trump claimed that stock markets would crash if he were impeached.

Said Trump: “If they actually did this the markets would crash Do you think it was luck that got us to the best Stock Market and Economy in our history. It wasn’t!”

“The Federal Reserve looks poised to cut interest rates for a second time Wednesday to help extend the economic expansion in the face of global weakness, President Trump’s trade war with China and geopolitical risks such as the attacks on Saudi Arabia’s oil facilities,” the AP reports.

“President Trump urged the Federal Reserve to cut interest rates below zero, suggesting a last-ditch monetary policy tactic tested abroad but never in America,” the New York Times reports.

“Mr. Trump’s request is extraordinary for several reasons. The United States economy is still growing solidly and consumers are spending strongly, making this an unusual time to push for monetary accommodation, particularly negative rates, a policy that the Fed debated but passed up even in the depths of the Great Recession.”

“Negative rates, which have been used in economies including Japan, Switzerland and the Eurozone, mean that savers are penalized and borrowers rewarded: Their goal is to reduce borrowing costs for households and companies to encourage spending. But they come at a cost, curbing bank profitability.”