President Trump received a red-carpet welcome when he landed in Beijing Wednesday with a military honor guard, band and children waving American and Chinese flags ahead of high-stakes talks with Chinese President Xi Jinping. The ceremony also highlighted the bigger question around Trump’s return to China about whether this visit can yield more lasting progress than his 2017 trip, which featured major business announcements but was followed by...

The Senate cleared Kevin Warsh on Wednesday to lead the Federal Reserve, ushering in a new era at the central bank under President Donald Trump’s nominee. The Senate confirmed Warsh, 54–45, concluding a monthslong search that began last summer for a successor to Federal Reserve Chair Jerome Powell as his term neared its end. The vote was largely along party lines, with only Pennsylvania Democrat Sen. John Fetterman...