(Yicai) May 13 -- Kevin Warsh is likely to take over as chairman of the Federal Reserve before May 15, leading the world’s most influential central bank. His core view is that the US should enhance its own productivity and reinforce the dominance of the US dollar to counter the challenges posed by China’s rise in global competition.

President Donald Trump arrived in China for a high-stakes summit with Chinese President Xi Jinping, while new producer price data showed US wholesale inflation accelerated sharply in April.

Kaltbaum Capital Management president Gary Kaltbaum discusses market resilience, Jerome Powell's monetary policy and Kevin Warsh's confirmation as Fed Chair on 'The Claman Countdown.' The Lonski Group President John Lonski discusses the economic impact from the suspension of the federal gas tax and the April Core CPI report on 'Varney & Co.

Explore why China owns $859.4 billion in U.S. debt, how this compares with Japan, and what it means for the global economy and U.S.-China trade relations.

As Donald Trump and Xi Jinping meet amid rising geopolitical tensions, a quieter financial battle is unfolding over the future dominance of the US dollar.

President Trump and Chinese President Xi Jinping are concluding their summit in Beijing on Friday with both countries looking to claim the visit as a win.

President Trump will depart Beijing following a high-stakes summit with President Xi Jinping where the leaders discussed trade and regional tensions.