Federal Reserve
Asian Stocks plunge amid market panic after Trump sparks Fed turmoil and tariff threats
Asian stocks market opened the week on a cautious note, retreating after a series of market-shaking announcements by US President Donald Trump, which included the unexpected firing of a Federal Reserve governor and new threats of export controls targeting advanced technology and microchips. Investors had been buoyed by optimism stemming from US Federal Reserve Chairman […]
“I will fire her if she doesn’t resign”- Trump threatens Cook
United States President Donald Trump has intensified his effort to gain influence over the central bank, saying he will fire Federal Reserve Governor Lisa Cook if she doesn’t quit. “I’ll fire her if she doesn’t resign,” Trump told reporters on Friday during a visit to a Washington, DC, museum focused on the White House. Cook, […]
US Fed Reserve Chair Powell opens door to September rate cut
United States Federal Reserve Chair Jerome Powell has pointed to a possible rate cut at the central bank’s September meeting but has stopped short of committing to cutting interest rates. Powell’s remarks walked a narrow line, acknowledging growing risks to the job market while also saying risks of higher inflation remain. “While the labour market […]
Trump Rules Out Treasury Secretary Bessent for Fed Chair Position
United States President Donald Trump has ruled out Secretary of the Treasury Scott Bessent as his pick to replace Federal Reserve Chair Jerome Powell. Trump, who has repeatedly criticised Powell for not moving faster to lower interest rates, said on Tuesday that Bessent wished to continue in his current role. “I love Scott, but he […]
Trump Signals Positive Meeting with Powell on US Interest Rates
US President Donald Trump has expressed optimism about his meeting with Federal Reserve Chair Jerome Powell, suggesting that the central bank’s head might be willing to lower interest rates. The two men met on Thursday at the US central bank’s headquarters in Washington, where Trump criticized the cost of renovating two historic buildings. “We had […]
Fed Holds Interest Rates Steady Amid Economic Uncertainty
The Federal Reserve has kept interest rates unchanged for the fourth consecutive time, maintaining its benchmark lending rate at approximately 4.3%. This decision comes despite forecasts from policymakers suggesting slower growth, higher unemployment, and faster inflation than previously expected. The economy remains “solid,” according to the Fed, but officials are cautious about the potential impact […]