Sign in Subscribe

federal reserve

Powell probe leaves US Fed leadership change in limbo

Powell probe leaves US Fed leadership change in limbo

US President Donald Trump has repeatedly insulted and criticized Federal Reserve Chairman Jerome Powell, famously calling him a "numbskull" and demanding the independent central bank lower interest rates despite stubbornly high inflation. The Trump administration has ramped up the pressure on Powell, initiating an unprecedented investigation into him

Middle East war: global economic fallout

Middle East war: global economic fallout

Here are the latest economic events in the Middle East war: - Iran's Hormuz offer to Japan - Iran is willing to help Japanese ships sail the Strait of Hormuz, a vital route for global fuel supplies, Foreign Minister Abbas Araghchi told Kyodo News in an interview published on Saturday.

US Fed raises inflation outlook over 'uncertain' Iran war impact

US Fed raises inflation outlook over 'uncertain' Iran war impact

The US Federal Reserve raised its inflation forecast Wednesday as it held interest rates steady, citing an "uncertain" economic outlook due to the war in Iran. The 11-1 vote on the benchmark lending rate was widely expected, but nonetheless defied US President Donald Trump's demands

US Fed Chair says 'no intention' of leaving board while probe ongoing

US Fed Chair says 'no intention' of leaving board while probe ongoing

US Federal Reserve Chair Jerome Powell said Wednesday that he did not plan to leave the central bank's board until a Justice Department probe linked to renovation costs was completed. President Donald Trump has repeatedly insulted Powell over the central bank's policies on setting the economy&

US Fed holds rates unchanged over 'uncertain' Iran war implications

The US Federal Reserve kept interest rates unchanged Wednesday as expected, in defiance of President Donald Trump as the world's largest economy battles stubborn inflation, weak labor demand and an "uncertain" outlook due to the war in Iran. The Fed's 11-1 vote kept

US Fed expected to keep rates steady as Iran war impact looms

US Fed expected to keep rates steady as Iran war impact looms

The US Federal Reserve opened its two-day meeting on Tuesday with policymakers expected to keep interest rates unchanged as they digest weak economic data and gauge the economic effects of the Iran war. The central bank's rate-setting Federal Open Market Committee (FOMC) began its gathering at

US Fed expected to hold rates steady as Iran war roils outlook

US Fed expected to hold rates steady as Iran war roils outlook

US Federal Reserve policymakers are expected to leave interest rates unchanged at their meeting next week, as the US-Israel war on Iran sends shock waves through markets and recent economic data has begun to show weakness. The Fed will start its two-day meeting on Tuesday, with an announcement