Russia warned Britain on Monday that if British weapons were used by Ukraine to strike Russian territory then Moscow could hit back at British military installations and equipment both inside Ukraine and elsewhere. British Ambassador Nigel Casey was summoned to the foreign ministry for a formal protest after Foreign Secretary David Cameron said Ukraine had the right to use British weapons to strike Russia.
Warsh is taking over as Fed chair as the U.S. faces the hottest inflation in years, impeding the interest rate cuts that President Trump has demanded....