15 stories found
Oil prices surged following new strikes exchanged between the US and Iran, as ceasefire talks remained at an impasse. President Trump commented on the situation, urging people to "sit back and relax" despite the escalating tensions.
Jay Powell has overseen his final Federal Reserve meeting as chair, though he plans to remain on as a governor.
Donald Trump has reportedly instructed his aides to prepare for an extended blockade of Iran, particularly the Strait of Hormuz. He also issued a stern warning to Iran, stating they 'better get smart soon' and that the 'no more Mr. nice guy' approach is over.
Reports indicate the Pentagon is preparing for potential military operations in Cuba, awaiting a direct order from President Trump. This development coincides with the US Senate's rejection of attempts to limit the President's war-making authority.
Federal Reserve Chair Jay Powell has highlighted the importance of the institution's independence and integrity, stating the need to resist short-term political pressure. His remarks come after recent criticisms from former President Donald Trump.
An article examines the legacy of outgoing Federal Reserve Chair Jay Powell, acknowledging some mistakes but highlighting his 'heroic' decision to stand up to former President Trump.
President Trump announced the removal of tariffs on whisky imports, a gesture made in honor of a British royal visit to the United States. The decision followed the King's trip, which included a visit to small-town America before his departure for Bermuda.
The U.S. Justice Department has officially ended its criminal investigation into Federal Reserve Chair Jerome Powell, clearing him of any wrongdoing. This decision comes amid discussions surrounding potential nominations for the Federal Reserve.
Sluggish process could leave Jay Powell at helm of central bank despite US president’s push for policy reset
Also in today’s newsletter, the US spy chief offers conflicting assessments about Iran’s nuclear programme
Kevin Warsh, a 56-year-old financier, is widely expected to be confirmed by the US Senate this week to replace Jay Powell as Fed chair. He is anticipated to face challenges including resurgent inflation and an impatient Trump.
The European Central Bank is widely expected to keep interest rates unchanged, focusing on inflation, while the US Federal Reserve also held rates steady and signaled inflation risks. Jerome Powell will continue on the Fed board after his term ends.
A 10-day ceasefire between Israel and Lebanon has officially gone into effect, with reports indicating US mediation in the agreement. The truce aims to temporarily halt hostilities between the two nations.
A US judge has upheld a decision to block subpoenas in a criminal investigation targeting Federal Reserve Chair Jay Powell, rejecting a request to revisit the ruling.
Short-term borrowing costs jump to highest level since last summer as central bankers lift forecasts for price growth