Us Federal Reserve

US Fed's key inflation gauge likely to show rising price pressures

Forecasters expect the personal consumption expenditures price index, due Thursday, to show acceleration on both a monthly and year-over-year basis in May

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

Stock Market Close: Sensex gains 254 pts, Nifty ends at 24,168; PSU Bank, healthcare shares shine

Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty signalled a flat open for the benchmark Nifty50 index. Most Asian markets declined

Bond market outlook: Fed's hawkish turn may pull Indian Gsec lower

Benchmark 6.94 per cent 2036 yield seen at 6.85-6.90 per cent after US rate-hike signals lift Treasury yields

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

Market Close: Sensex rises for 4th session, up 347 pts; Nifty ends at 24,086 ahead of FOMC decision

Sensex Today | Stock Market Highlights, Wednesday: In the broader markets, the Nifty MidCap and the Nifty SmallCap ended 0.52 per cent and 0.79 per cent higher, respectively

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

Warsh pledges to follow best of Fed's traditions while looking for change

The memo is an early window on Warsh's efforts to pursue what he has described as an extensive reform agenda for a central bank he regards as having strayed from its mission

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

Kevin Warsh takes over US Fed with a policy problem already in view

The new Federal Reserve chair takes charge as rising inflation, AI-led economic shifts and geopolitical shocks complicate the US monetary policy outlook

Best of BS Opinion: India-Nordic Summit marks wider shift in foreign policy

Today's opinion wrap examines the Bajaj group's legacy, India's Nordic outreach, oil trade vulnerabilities, the US Federal Reserve's independence and a book on Chapal Bhaduri

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

US Fed chair nominee Warsh set to get Senate nod as inflation intensifies

Fed Governor Stephen Miran, currently the central bank's biggest advocate of rate cuts, will vacate his spot on the board to make room for Warsh

Rate hike in CY26? Why SBI MF's Rajeev Radhakrishnan thinks tide could turn

Radhakrishnan said a persistent supply shock accompanied by a weaker currency can negatively impact inflation and fiscal direction, given the likelihood of higher subsidy requirements

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

Rupee slips below 95/$ as FII outflows, oil keep pressure on; US Fed weighs

The Indian rupee started the session flat at 95.02/$, down 17 points or 0.18 per cent compared with Wednesday's close of 94.85/$

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