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US president says he has ‘held back’ on firing the head of the Federal Reserve leading up to end of Powell’s term in MaySign up for the Breaking News US email to get newsletter alerts in your inboxDonald Trump threatened to fire Jerome Powell if he sta…
Former US Fed chair says lowering rates to reduce debt service cost can lead to inflation getting out of controlBusiness live – latest updatesThe former US Federal Reserve chair Janet Yellen has attacked Donald Trump’s push for lower interest rates, co…
Kevin Warsh, seeking to replace Fed chair, Jerome Powell, had to file financial disclosures for Senate approvalKevin Warsh, the former Federal Reserve governor chosen by Donald Trump to lead the central bank, has submitted financial disclosures that su…
Prices were up 3.3% over the year, adding to the unpredictability that first came with Trump tariffsSign up for the Breaking News US email to get newsletter alerts in your inboxUS inflation soared in March amid the US-Israel war with Iran, with prices …
Reports say Fed chair Jerome Powell among attenders at meeting in Washington The US Treasury secretary, Scott Bessent, summoned major American bank chiefs to a meeting in Washington this week amid concerns over the cyber risks posed by Anthropic’s late…
Treasury department said Financial Times article about Scott Bessent’s views on Fed oversight was ‘manufactured’ The US treasury department demanded on Friday that the Financial Times (FT) retract a report on treasury secretary Scott Bessent’s views on…
Fed officials expected to lower capital requirements for banks such as Goldman Sachs and JPMorgan Chase by 4.8%Sign up for the Breaking News US email to get newsletter alerts in your inboxUS federal regulators are trying to soften bank requirements, lo…
This live blog is now closed.Trump news at a glance: president’s war on Iran is putting billions on the US tillSign up for Breaking US News US emailsRand Paul seemed immediately frustrated with Mullin as he opened the hearing. While he was speaking, he…
Trump DoJ’s investigation was purportedly about the management of the central bank’s renovationA federal judge on Friday blocked the justice department from serving subpoenas to Federal Reserve chair Jerome Powell in an inquiry purported to be about th…
Unemployment rate was 4.3% in January with gains 13,000 less than the 143,000 jobs added a year ago, report showsThe US jobs market added 130,000 jobs in January, according to a highly anticipated labor market report released on Wednesday, a surge of j…