The Fed's Board of Governors will vote to formally propose the plan Thursday. The FDIC board is holding a concurrent meeting
Sensex Today | Stock Market LIVE Updates, Thursday: The GIFT Nifty signalled that the benchmark Nifty50 will likely open lower, tracking negative global cues
Fed's next move may ultimately be a hike, a possibility Powell acknowledged came up again in discussions this week - though that's not the base case for the majority of policymakers
On the Nifty Midcap 100, Hindustan Petroleum stock was the top loser, down 4.35 per cent at ₹334.35 per cent
Fed signals 'higher for longer' rates. Analysts decode how investors can navigate equities, bonds, and gold amid inflation risks and market volatility due to Iran war
"I have no intention of leaving the board until the investigation is well and truly over, with transparency and finality," Powell said
Inflation, as measured by the Fed's preferred gauge, was expected to end the year at 2.7 per cent , not far below its current rate and higher than the 2.4 per cent projected in December
Oil prices took a breather on Wednesday from recent gains though the Strait of Hormuz remained largely shut
Interest-rate bets that fully anticipated easing in the US have eroded, while possible hikes in the UK and euro zone later in the year are now being priced in
US Attorney Jeanine Pirro vowed to appeal a ruling blocking subpoenas tied to Fed Chair Jerome Powell, despite fears a prolonged legal fight could delay confirmation of Kevin Warsh as Fed chief
US judge James Boasberg blocked subpoenas targeting Fed Chair Jerome Powell over HQ renovations, citing no evidence and an improper retaliatory motive
Markets fluctuated on Friday between bets that the Fed would cut rates in June or wait until July, reflecting the complications introduced by the Supreme Court ruling
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
Trump said during the search for a new chair that he wanted a candidate who would lower rates, and later said he would not have picked Warsh if he'd advocated for increasing rates
Federal Reserve governor Stephen Miran has stepped down from his position as chair of the White House's Council of Economic Advisers, ending a controversial arrangement where he held positions at both institutions. His resignation was confirmed by White House spokesman Kush Desai late on Tuesday. President Donald Trump appointed Miran in September to a seat on the Fed's seven-member board of governors after Adriana Kugler, who was appointed by President Joe Biden, abruptly resigned. Miran completed her term, which ended January 31. Yet he can remain on the Fed's board until a replacement is confirmed by the Senate. It is unusual for someone to keep a White House position while also serving as a Fed governor, a nonpartisan position. Previous presidents have appointed aides to the Fed, but for decades they gave up their White House positions before joining the Fed. Miran took an unpaid leave of absence instead. Miran said when he was named in September that he would step down from hi
At the same time, Warsh could argue that by tightening financial conditions, a smaller balance sheet would grant his Fed room to cut its benchmark rate deeper
After months of record highs and stretched valuations, spot prices for gold and silver dropped 9 per cent and 28 per cent respectively after the announcement
US President Donald Trump has nominated former Federal Reserve governor Kevin Warsh to lead the central bank after Jerome Powell steps down in May
Trump's nomination, however, needs approval from the US Senate, following which 55-year-old Warsh could return to the central bank's top post
Trump has openly sought to shape Fed's rate policy through his appointments in an effort to find someone broadly acceptable to markets who'll also share his inclination to cut rates further and faster