Federal Reserve

Emerging challenges: India needs to do more to attract stable capital flows

Falling oil prices offer India short-term relief, but the RBI warns that geopolitical tensions and shifting global capital flows continue to pose financial stability risks

Fed Chair Warsh says inflation risks have declined, vows price stability

Fed Chair Kevin Warsh said US inflation risks have eased and reaffirmed the central bank's commitment to price stability, while ruling out forward guidance on rates

A new US Fed: Central bank aims to reform functioning as Marsh takes charge

Aside from the shifts, one of the biggest takeaways from the Fed statement and Mr Warsh's first press conference as its chairman was the firm commitment to price stability and the 2% inflation target

Kevin Warsh puts stamp on Fed with immediate changes to usual routine

The changes underscored the new chairman's intent to deliver immediately on past criticisms of the practice of offering 'forward guidance' on the future path of interest rates

Fed begins Warsh era by keeping rates on hold, sees a hike later this year

The Fed kept rates unchanged but signalled a possible hike later this year as inflation concerns persisted under new Chair Kevin Warsh

Kevin Warsh faces tenuous balancing act in first Fed meeting as chairman

Kevin Warsh faces a delicate debut as Fed chief, balancing inflation risks, market expectations and Trump's calls for lower rates

Nasdaq drops 4.2% as rate hike fears, West Asia conflict hit stocks

On Wall Street, all three indexes ended lower, led by a selloff in technology shares, including AI chipmaker Nvidia

Fed would lose credibility if President can fire officials, says Powell

Powell exited the top job at the Fed earlier this month with a legacy in part defined by his defense of the central bank against relentless pressure from Trump and his allies

US treasury market ushers in Warsh era with bets on 2026 rate hike

With the Iran war unleashing the biggest inflation surge since 2023, traders are pricing in that the Fed is virtually certain to start raising rates by December

US Fed faces a reformist challenge as the baton passes from Powell to Warsh

Mr Warsh wants to significantly reform the way the Fed functions, but his real challenge may be outside the central bank

Senate confirms Trump pick Warsh as chairman of Federal Reserve

The Senate confirmed President Donald Trump's nominee to lead the Federal Reserve, Kevin Warsh, bringing new leadership to the world's most powerful central bank at a fraught moment for the global economy. Warsh was confirmed Wednesday in a largely party-line vote. His nomination had been thrown into doubt in recent months after Republican Sen Thom Tillis of North Carolina said he would block the nomination while the Justice Department investigated Fed Chair Jerome Powell. The Powell probe was dropped in April, clearing the way for the Senate to confirm Warsh. Senate Majority Leader John Thune urged colleagues to support Warsh during a floor speech Wednesday morning, saying it's critical that a Fed chair "understand not only the macro" but also "appreciate the microeconomy: and that's the hardworking Americans, their jobs and their livelihoods". "Kevin Warsh is just such a person," Thune said. Warsh, 56, a former top Fed official, will become chair at an unusually difficult time fo

Why Powell chose a high-stakes path to stay at Fed after chair term ends

The question now is whether Powell's continued presence at the Fed will further inflame tensions between the administra- tion and the central bank

Powell plans to stay on at Fed after term, cites legal action by Trump team

Jerome Powell said he plans to remain on the board of the Federal Reserve after his term as chair ends next month "for an undetermined period of time," citing the "unprecedented" legal attacks against the central bank by the Trump administration. "I worry these attacks are battering this institution and putting at risk the things that really matter to the public," Powell said at a press conference after the Fed announced its decision to keep its benchmark interest rate steady. Powell's decision to stay denies President Donald Trump a chance to fill a seat on the central bank's seven-member governing board with his own appointee. The Senate Banking Committee earlier approved Powell's successor as chair, Trump appointee Kevin Warsh, on a party-line vote. Powell would continue as a Fed governor, possibly until January 2028. U.S. Attorney for the District of Columbia Jeanine Pirro said on X Friday that her office was ending its probe into the Fed's extensive building renovations because

Gold slips as oil prices fuel inflation fears ahead of Fed chair remarks

Gold slips as rising oil prices stoke inflation fears and rate outlook uncertainty, with markets eyeing Fed Chair Jerome Powell's cues on policy path

Federal Reserve expected to hold rates at Powell's likely last meeting

Wednesday will likely be a momentous day for the future of the Federal Reserve as Chair Jerome Powell could signal he will stay with the Fed even as a Senate panel is expected to confirm his replacement. Powell will preside over what will probably be his last meeting as chair and hold a news conference Wednesday afternoon, when he may say whether he will take the unusual step of remaining on the central bank's board of governors, even after his term as chair ends May 15. Separately, the Senate Banking Committee is scheduled to vote on the nomination of Kevin Warsh to succeed Powell. The nomination is expected to be approved on a party-line vote, and will then be taken up by the full Senate next month. President Donald Trump nominated Warsh, a former top Fed official, in January. Last year, Warsh echoed Trump's calls for the Fed to lower its key interest rate, leading many Democrats in Congress to question how independently he will operate as Fed chair. The Fed is widely expected to

Justice Dept to close probe of Fed Chair Jerome Powell: US Attorney Pirro

US Justice Department closes probe into Federal Reserve renovation cost overruns, asks Inspector General to review expenses under Chair Jerome Powell

US judge blocks subpoenas targeting Fed chair Powell; DOJ plans to appeal

US judge James Boasberg blocked subpoenas targeting Fed Chair Jerome Powell over HQ renovations, citing no evidence and an improper retaliatory motive

Explained: Is US immigration crackdown slowing job growth? | Trump | US news

A new San Francisco Federal Reserve study suggests the recent slowdown in unauthorised immigration to the United States is coinciding with weaker job growth

US companies paid nearly 90% of 2025 tariff costs, says NY Fed study

Using data through November 2025, the study finds that about 94 per cent of the tariff costs were passed through to US firms and consumers in the first eight months of the year

Americans shouldered bulk of Trump tariff burden, says NY Fed report

The bank said 90 per cent of the tariffs imposed by the president on imported goods are borne by American consumers and companies