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July 16, 2025

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Federal Reserve

US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets fell again on Monday as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who the US preside…

April 21, 2025
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Regulators approve $35bn merger of Capital One and Discover Financial

Acquisition expected to be completed on 18 May after Federal Reserve and currency comptroller sign off on dealThe pending merger between Capital One and Discover Financial services received approval from several regulators on Friday, bringing the $35bn…

April 18, 2025
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‘Tantrum!’ Onlookers blast Trump’s early morning rant against the Fed’s Jerome Powell

President Donald Trump’s early morning rant against Fed Chairman Jerome Powell, during which he called for Powell’s ouster, drew quick response from political pundits.The strong reaction came after Trump posted to social media about the European Centr…

April 17, 2025
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Trump says Fed chair would resign if asked and condemns him over interest rates

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish f…

April 17, 2025
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Trump’s tariffs are ‘teeing up a nationwide recession’, says Chuck Schumer – as it happened

This blog has now closed. You can read more of our US politics coverage hereEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global econo…

April 7, 2025
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Trump’s tariffs will likely mean ‘higher inflation and slower growth’, says Fed chair

While the US economy remains robust, Jerome Powell cautions there is high uncertainty over its directionUS politics live – latest updatesDonald Trump’s global tariffs assault is set to raise prices and slow down economic growth, Federal Reserve chair J…

April 4, 2025
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Fear of a tariff ‘Trumpcession’ puts pressure on Bank and Fed over interest rates

A trade war could push up inflation when both the UK and US economies really need cheaper borrowing. So what’s a central bank to do?Monetary policymakers on both sides of the Atlantic will be considering how seriously to take Donald Trump’s threats of …

March 16, 2025
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US economy facing potential slowdown amid ‘heightened uncertainty’, says Fed chair

Federal Reserve head Jerome Powell said it was in no rush to cut interest rate as government overhauls key policiesThe US economy faces a potential slowdown in consumer spending amid “heightened uncertainty about the economic outlook” among businesses,…

March 7, 2025
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US job market grows amid threats of mass federal layoffs and Trump tariffs

151,000 jobs added to economy in February, up from January as unemployment unchanged from last monthThe US labor market continued to grow in February even as threats of mass layoffs in the federal government and uncertainty around Donald Trump’s tariff…

March 7, 2025
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US added 150,000 jobs in October as pace of growth slows sharply

Market cools as number of jobs added comes in lower than the 180,000 that economists had been expectingThe US added fewer than expected jobs in October and the unemployment rate rose amid signs that the white-hot US jobs market is cooling.There were 15…

November 3, 2023
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