More results...
Justices find president does not have constitutional authority to fire Federal Reserve governor without causeUS supreme court decisions – live updatesSign up for the Breaking News US emailThe US supreme court has ruled that Donald Trump’s firing of a F…
Greenspan served under the presidencies of Ronald Reagan, George HW Bush, Bill Clinton and George W BushAlan Greenspan, the influential economist who steered US monetary policy during his five terms as chair of the Federal Reserve under four pr…
Cook is at the center of a supreme court case focused on whether Trump’s firing of her from the Fed board was legalThe Federal Reserve governor Lisa Cook faced more than $1.3m in legal and security fees after coming under attack from the Trump administ…
Open markets committee says ‘economic activity is expanding at a solid pace’ in first meeting under new chair Kevin WarshUS stock markets dropped Wednesday afternoon after the Federal Reserve left interest rates unchanged and signaled a possible rate h…
Federal Reserve to make first decision under Kevin Warsh as Middle East hopes ease inflation pressuresBusiness live – latest updatesCentral banks in the US and UK are expected to leave interest rates on hold this week as the peace deal in the Middle Ea…
Before the conflict began, inflation was at 2.4%, but the closure of the strait of Hormuz has affected energy pricesDonald Trump said “I love the inflation” after new data showed that inflation jumped to an annual rate of 4.2% in May, the third consecu…
Powell says central bank has been facing ‘stress test’ under Trump, as supreme court weighs decision on Fed governor that president tried to fireSign up for the Breaking News US newsletter emailJerome Powell, the former chair of the Federal Reserve, ha…
Americans are growing frustrated with Trump’s handling of the economy as cost of living soars ahead of midtermsUS inflation increased at its fastest pace in three years in April, driven by higher energy prices amid the war with Iran, and cementing econ…
Former Wall Street banker takes over amid growing concern over cost of living – and disapproval of Trump’s agendaUS politics live – latest updatesKevin Warsh has been sworn in as chair of the US Federal Reserve, tasked with steering the world’s largest…
The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his willJerome Powell, who stepped down this week as chair of the Federal Reserve, had his hits and misses. The Fed was late to react as prices star…