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Data shows the headline unemployment rate continued to climb and hit 4.6%, a four-year high, last monthThe US labor market grew by more than expected last month, recovering some of the damage inflicted by the federal government shutdown, according to o…
Ex-Fed governor Kevin Warsh is at top of his list to succeed Powell as central bank’s chair, president says in interviewDonald Trump declared he “should be listened to” by the Federal Reserve, as he weighs candidates to lead the central bank amid an ex…
Divisive vote to lower rates highlights uncertainty in the Fed as economy absorbs major shakeups, including tariffsThe US Federal Reserve announced on Wednesday that it was cutting interest rates by a quarter point for the third time this year, as the …
Markets expect final rate cut amid pressure from Trump as Jay Powell urges central bank to proceed with cautionA divided Federal Reserve meets this week to decide whether to cut interest rates, the US central bank’s last meeting at the end of a tumultu…
Bureau of Labor Statistics canceled release of October’s consumer price index, citing the government shutdownThe US federal government will not publish official data on inflation for October, depriving policymakers at the Federal Reserve of key informa…
Lisa Cook’s lawyer details defense against accusations she misrepresented residences to get better mortgage rateLawyers for Lisa Cook, the Federal Reserve governor, called Trump administration allegations of mortgage fraud against her “baseless” on Mon…
Central bank sets rates at range between 3.75% and 4% amid turbulence from government shutdown and Trump’s tariffsThe US Federal Reserve cut interest rates on Wednesday, the second rate cut this year amid economic turbulence from the federal government…
Possibility of ‘sharp market correction has increased’, says Bank’s financial policy committee Business live – latest updatesThe Bank of England has warned there is a growing risk of a “sudden correction” in global markets as it raised concerns about s…
History suggests that bullying the Fed for political gain can have serious consequences for the rest of usOne of the more critical lessons economists gleaned from the Nixon administration is about the exorbitant cost of allowing politicians to mess wit…
Supreme court defers action on request to remove Lisa Cook from post, at least until it hears oral arguments on caseUS government shutdown – live updatesLisa Cook, the US Federal Reserve governor, will keep her job for now, despite Donald Trump’s extra…