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Choice of former Fed governor to succeed Jerome Powell comes amid attack on central bank’s independence• Business live – latest updatesDonald Trump is expected to nominate the former Federal Reserve governor Kevin Warsh as its next chair amid an extrao…
Fed voted to pause cuts to interest rate, which currently sits between 3.5% and 3.75%, after slashing it three times in fallThe US Federal Reserve left interest rates unchanged after its first rate-setting meeting of the year on Wednesday, resisting en…
This blog has now closed. Read our latest story hereTwo federal officers fired their guns during the fatal shooting of Alex Pretti, according to an initial review by the Department of Homeland Security that was obtained by NBC News.Three sources told N…
Dollar drops against basket of currencies after Donald Trump brushed off concerns over slideBusiness live – latest updatesThe US dollar has fallen to its lowest level in four years after Donald Trump brushed off concerns over the currency’s fall, sendi…
This blog is now closedTrump declaration of Greenland framework deal met with scepticism as doubts persistTrump news at a glance: at Davos, president rambles, backs down and touts ‘future deal’ on GreenlandHouse Republicans are starting a push on Wedne…
Case will test the limit of Trump’s powers as he continues extraordinary campaign for control over central bankThe US supreme court is hearing oral arguments over Donald Trump’s bid to fire a Federal Reserve governor this morning, as his administration…
Global consequences likely to be severe if the US president is able to take control of America’s central bankGet our breaking news email, free app or daily news podcastThe Reserve Bank could lose some control over its ability to set interest rates inde…
Andrew Bailey says he and heads of other institutions have responsibility to ‘challenge back’ populist narrativesBusiness live – latest updatesThe governor of the Bank of England has urged the world’s leading global institutions to fight back against t…
Kevin Hassett, a top contender to replace Jerome Powell, suggests he believes Powell told truth about Fed renovationUS politics live – latest updatesDonald Trump’s top economic adviser, Kevin Hassett, said he expected there was “nothing to see here” as…
US president says Jamie Dimon was wrong to suggest he was undermining independence of central bankBusiness live – latest updatesDonald Trump has hit out at the JP Morgan boss Jamie Dimon, saying the Wall Street executive was wrong to suggest he was und…