Latest Updates Around The World
In the lawsuit, which was filed Monday in the United States District Court for the District of ColumbiaCfA alleges that FHFA failed to respond to its request for expedited processing within the statutory deadline of FOIA. The group claims that the agency’s lack of response is entitled to judicial relief and asks the court to […]
Federal Reserve Governor Stephen Miran has warned that the US central bank’s current monetary policy stance threatens to slow down an economy further supported by a series of budget initiatives from the Trump administration, including tax cuts, Reuters reported.Speaking at an event hosted by the Federal Reserve Bank of Dallas, Miran argued that policymakers may […]
Topline President Donald Trump is set to announce former Fed official Kevin Warsh as his pick to replace Jerome Powell as central bank chairman, according to multiple reports, while Trump himself announced he will announce his choice on Friday morning. Kevin Warsh, former Governor of the US Federal Reserve, during the spring meetings of the […]
The president told reporters about the announcement at the premiere of “Melania,” the film about first lady Melania Trump. Friday’s announcement ends a months-long selection process that has fueled debate over the future direction of the country’s central bank. The candidates for the Fed chairmanship Trump has considered four final candidates to lead the Federal […]
U.S. Federal Reserve Chairman Jerome Powell said Wednesday he is committed to preserving the Federal Reserve’s independence and credibility amid attempts at political intervention, with President Donald Trump publicly pressuring the Fed to sharply cut rates.He noted that keeping the Fed independent of politics helps maintain its credibility. He said the independence given to the […]
The U.S. Federal Reserve is widely expected to leave rates unchanged at its meeting next week, holding firm despite President Donald Trump’s push to cut interest rates while guarding against threats to its independence.The central bank has cut rates three times in a row since September as the labor market weakened, bringing rates to between […]
White House adviser Kevin Hassett, one of the candidates in the race to replace Federal Reserve Chairman Jerome Powell, told CNBC in an interview Thursday that the new central bank chairman “must be an independent person who respects the mandates.”Hassett said the Fed needed someone like former Chairman Alan Greenspan, who “got the economy going […]
Chicago Federal Reserve President Austan Goolsbee said Thursday that the U.S. central bank should focus on curbing inflation amid ample evidence of labor market stability, in comments that kept alive the prospect of interest rate cuts later this year. “There’s still strength” in the labor market and “I think the biggest thing we’re facing is […]
CEOs of Wall Street’s top banks, JPMorgan Chase and BNY, expressed support for the independence of the US Federal Reserve on Tuesday, days after the Trump administration opened a criminal investigation into Fed Chairman Jerome Powell.The administration’s investigation into Powell this week drew condemnation from former Fed chiefs and criticism from key members of the […]
Trump’s threat of a 25 percent tariff on countries doing business with Iran is potentially negative for the local currency, as Iran is India’s top rice export destination. | Photo credit: Getty Images The dollar, which had been recovering since Christmas 2025, hit a roadblock on Monday. In the US, federal prosecutors have opened a […]
