Page 4 - Federal Reserve

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

Gold price dips ₹10 to ₹99,590, silver price rises ₹100 to ₹1,07,100

The price of 22-carat gold also fell ₹10, with ten grams of the yellow metal selling at ₹91,290

Amid India-Pak tensions, rupee sees steepest 1-day drop in a month

The rupee fell 0.47 per cent intraday amid rising India-Pakistan tensions and a stronger dollar index, before recovering partially on likely RBI-backed intervention

Rupee hits 5 month high; logs biggest single-day gain in 29 months

10 year govt bond yield fall 23 bps in April

US Fed could be in 'difficult' spot with higher prices, slower hiring

The prospect of high inflation stemming from widespread tariffs along with weaker hiring could put the Federal Reserve in a difficult spot, Fed policymakers said in minutes from last month's meeting. The minutes, released Wednesday, said that the Fed could keep its benchmark interest rate unchanged if inflation remained stubbornly elevated. And they said it could cut its rate if growth slowed and unemployment rose. The minutes were for the Fed's March 18-19 meeting. But if both happened at the same time, the Fed may face difficult tradeoffs, some of the 19 officials on the central bank's interest-rate setting committee said. Rising unemployment can often lead to a recession, when the Fed would normally slash its key rate to support more borrowing and spending and stimulate the economy. Yet Fed officials would likely be reluctant to cut if inflation rose, because it usually seeks to cool higher prices by keeping its key rate unchanged or even raising it if necessary. The minutes ..

Private sector forecasters see greater recession risk: Fed's Jerome Powell

Powell further said that he is not going to leave the chairmanship of the central bank before his term comes to an end. "I fully intend to serve all of my term," he said

AI advances and layoffs: Is the white-collar job market shrinking?

Unemployment rate for college graduates has risen faster than for other workers in recent years

Gold dips Rs 10, silver down Rs 100; yellow metal trading at Rs 89,610

The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 82,140

The US Federal Reserve is driving blind as policy uncertainty dominates

On tariffs, prognosticators are struggling to understand the logic and legal basis behind Trump's so-called "reciprocal tariff" plan set for April 2