A Seoul court sentenced former President Yoon Suk Yeol to life imprisonment with hard labor on Thursday after finding him guilty of leading an insurrection through his short-lived declaration of martial law in December 2024, marking the most severe punishment ever imposed on a South Korean head of state in the democratic era.
Warsh replaces Jerome Powell after Senate confirmation and takes over at a challenging time for the US economy, with rising inflation, volatile oil prices and uncertainty linked to the Iran conflict