Page 3 - Federal Reserve

Fired US Fed Governor Lisa Cook to sue Trump in rare legal challenge

Trump dismissed Federal Governor Lisa Cook on charges of mortgage fraud. Her removal comes at a time when Trump has been trying to ramp up efforts to exert control over the US Fed

Trump fires Fed Governor Lisa Cook, citing mortgage fraud allegations

Lisa Cook, the first African American woman on the Federal Reserve Board, is set to challenge Trump's move in court, with the decision likely to spark a legal battle

This round of American exceptionalism is mediocre at best, despite rebound

A lazy interpretation is that critics were simply wrong about the Trump agenda

Gold prices may see consolidation next week as focus shifts to Fed, US data

Gold prices are likely to witness a phase of consolidation in the coming week as traders weigh a mix of global economic indicators, cues from central banks and shifting geopolitical dynamics, analysts said. Traders will monitor US housing numbers, consumer price data from the UK and Eurozone, and provisional PMI releases from key economies. Also, investors will closely track European Central Bank's President Christine Lagarde speech as well as commentary by Federal Reserve Chair Jerome Powell at the Jackson Hole Symposium, which will provide further insights for the broader trajectory of the bullion prices, they added. "Gold prices are likely to see some consolidation/correction in the coming week as focus now remains on the incoming US macroeconomic data and the Federal Reserve's meeting next month with interest rate cuts in focus. "In the week ahead the focus will be on US housing data, CPI numbers from the UK and the Euro zone and the provisional data on manufacturing/ services

Bessent urges Federal Reserve to lower rates by 150 basis points or more

Fed policymakers kept their benchmark at a target range of 4.25 per cent to 4.5 per cent at their last policy meeting

Trump administration expands search for Fed chair, adds new names to list

The team chosen by Trump has been reviewing several contenders, including a former Fed president and a longtime economic consultant

Fed Governor Adriana Kugler to resign, opening spot for a Trump pick

Trump and his allies have applied intense pressure on the Fed and Chair Jerome Powell to lower interest rates, which policymakers have declined to do so far this year

Trump says no need to fire Powell, downplays clash after Fed tour

The president's visit was a rare spectacle, with Trump being the first president to visit the Federal Reserve in nearly two decades

Trump set to visit Federal Reserve today, intensifying pressure on Powell

Trump's repeated criticism of Powell and talk of firing him has rattled markets, raising concerns over central bank independence-a cornerstone of the global financial system

Bessent sees no reason for Jerome Powell to step down from US Fed now

The Treasury chief on Monday called for an internal review of the Fed's non-monetary activities, including the renovation project

Trump may use Fed's $2.5 bn renovation project to oust Jerome Powell

President Donald Trump says he has finally found a way to achieve his goal of removing Federal Reserve Chair Jerome Powell, accusing him of mismanaging the US central bank's USD 2.5 billion renovation project. The push comes after a months-long campaign by Trump to try to rid himself of the politically independent central banker, who has resisted the president's calls to slash interest rates out of concerns about the administration's tariffs sparking higher levels of inflation. The president indicated Tuesday that Powell's handling of an extensive renovation project on two Fed buildings in Washington could be grounds to take the unprecedented and possibly legally dubious step of firing him. I think it sort of is, Trump said. When you spend USD 2.5 billion on, really, a renovation, I think it's really disgraceful, Trump said, adding that he never saw the Fed chair as someone who needed a palace. The project has been underway for years, going back to Trump's first term. But it only .

Nvidia hits $4 trn market cap; first company ever to reach the milestone

Just a day after President Donald Trump escalated his trade rhetoric, investors awaited tariff announcements for a number of countries

Margins may shrink for asset management cos: Anand Rathi's Feroze Azeez

Maintaining an asset allocation of 80 per cent equity and 20 per cent debt is recommended for long-term wealth creation, Azeez said

US Immigration curbs to hit economy hard in 2025, finds Fed study

Immigration at the US-Mexico border dropped sharply last year and continued to decline after President Donald Trump's election

Powell, Lagarde weigh Trump's impact as global policy risks deepen

Such a trade-off is faced by all the central bank chiefs who will speak on the panel in the hilltop resort of Sintra

We can wait and see course of economy before going for rate cut: Powell

The Federal Reserve will continue to wait and see how the economy evolves before deciding whether to reduce its key interest rate, Chair Jerome Powell said on Tuesday, a stance directly at odds with President Donald Trump's calls for immediate cuts. For the time being, we are well positioned to wait to learn more about the likely course of the economy before considering any adjustments to our policy stance, Powell said in prepared remarks he will deliver early Tuesday before the House Financial Services Committee. Powell is facing two days of what could be tough grilling on Capitol Hill, as Trump has repeatedly urged the Fed to reduce borrowing costs. Powell has often received a positive reception before House and Senate committees that oversee the Fed, or at least muted criticism. Powell has also often cited his support in Congress as a bulwark against Trump's attacks, but that support could wane under the president's ongoing assaults. Trump lashed out again in the early hours of

US Fed Reserve says labour market balanced, points to immigration slowdown

The report described the labor market as being in 'solid shape', with jobs growing at a 'moderate' pace and the unemployment rate low

Waller sees room for Fed to cut rates amid easing inflation concerns

Waller said economic data show GDP growth and inflation are running close to the central bank's targets

IT, PSU banks drag markets amid unclear Fed stance, Israel-Iran tensions

The Nifty IT index fell over 1 per cent, dragged by OFSS, LTIMindtree, Coforge, Tech Mahindra, Persistent and Mphasis falling up to 3.2 per cent

Fed officials caught between inflation worries, slowdown fears amid tariffs

The US economy is mostly in good shape but that isn't saving Federal Reserve chair Jerome Powell from a spell of angst. As the Fed considers its next moves during a two-day meeting this week, most economic data looks solid: Inflation has been steadily fading, while the unemployment rate is still a historically low 4.2%. Yet President Donald Trump's widespread tariffs may push inflation higher in the coming months, while also possibly slowing growth. With the outlook uncertain, Fed policymakers are expected to keep their key interest rate unchanged on Wednesday at about 4.4%. Officials will also release a set of quarterly economic projections that are expected to show inflation will accelerate later this year, while unemployment my also tick up a bit. The projections may also signal that the Fed will cut its key rate twice later this year, economists say. The prospect of higher inflation would typically lead the Fed to keep rates unchanged or even raise them, while rising unemployme