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Jerome Powell says central bank is waiting to see tariffs’ impact on US prices as president claims ‘incompetence’The Federal Reserve is well placed to wait and see how tariffs affect US prices before cutting interest rates, its chair, Jerome Powell, in…
Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate holdThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts this year, as Donald Trump continues to break with…
Bureau of Labor Statistics figures show April inflation rate of 2.3% as Americans report economic anxiety under TrumpUS politics live – latest updatesThe pace of inflation slowed in April, the month that Donald Trump announced his sweeping “liberation …
Central bank says ‘uncertainty has increased’ as it opts to maintain benchmark interest rate for third time in a rowThe Federal Reserve kept interest rates on hold and called out growing dangers in the US economy amid Donald Trump’s erratic rollout of …
Markets suggest quarter-point reduction to 4.25% is almost certain but some economists say Bank must go furtherThe Bank of England is poised to cut interest rates on Thursday amid growing concerns over the hit to UK jobs and growth from Donald Trump’s …
Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors Stock markets have risen around the world after Donald Trump said his tariffs on China would come down “substantially” and he had “no intenti…
Executive orders crack down on DEI at US universities but seek to increase affordability and retention at Black colleges. This blog is now closed.Nato secretary general Mark Rutte will visit the US and meet the secretary of state, Marco Rubio, the defe…
President gives vote of confidence days after lashing out over central bank’s reluctance to cut interest ratesDonald Trump has said he has no plans to fire the Federal Reserve chairman, Jerome Powell, days after calling the central bank boss a “major l…
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…
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…