Us Federal Reserve

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

Fed pick Kevin Warsh can get US economy to hit 15% growth, says Trump

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 steps down from White House post

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

Warsh's return revives tensions over US Fed's $6.6 trn QE hangover

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

Why Trump's new pick for US Fed chair hit gold and silver markets

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

Who is Kevin Warsh, Trump's pick to succeed Powell as Fed chair?

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 names former Fed Guv Kevin Warsh to replace Powell as Fed chair

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 admin likely to back Kevin Warsh for next Federal Reserve chair

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

India on a strong plank to show sustained growth in uncertain times

On the whole, the Survey paints a positive picture for the economy as well as outlook, though cautions more on the external environment

21% of surveyed banks, institutions implementing/developing AI: Eco Survey

There is a convergence in priorities among central banks as they adopt AI, which includes using AI to enhance decision-making, improve operational efficiency, and manage risks effectively, survey said

Fed leaves rates unchanged, signals cautious outlook as US economy improves

The Federal Open Market Committee voted 10-2 Wednesday to hold the benchmark federal funds rate in a range of 3.5%-3.75%

Fed likely to keep rates unchanged as chief Powell pivots back to economics

After two weeks of intense political and legal scrutiny, the Federal Reserve will seek to make this week's meeting about interest rates as straightforward and uneventful as possible, though President Donald Trump probably still won't like the result. The central bank's interest rate-setting committee is almost certain to keep its key short-term rate unchanged at about 3.6 per cent, after three straight quarter-point cuts last year. Fed Chair Jerome Powell said after December's meeting that they were "well positioned to wait to see how the economy evolves" before making any further moves. When the Fed lowers its short-term rate, it can over time influence other borrowing costs for things like mortgages, auto loans and business borrowing, though those rates are also affected by market forces. This week's meeting - one of eight the Fed holds each year - will be overshadowed by the bombshell revelation earlier this month that the Justice Department has subpoenaed the Fed as part of a ..

With alliances in 'rupture', global markets could face higher volatility

When alliances last this long, they are assumed to be permanent. But, as the famous saying goes, nations have no permanent friends or enemies, only permanent national interests

Supreme Court signals limits on Trump's power over Federal Reserve

The Supreme Court for the past year has repeatedly allowed President Donald Trump to fire heads of independent agencies, but it appears to be drawing a line with the Federal Reserve. The court has signaled for months that it sees the Fed in a different light. It has said that the president can fire directors of other agencies for any reason, but can remove Fed governors only "for cause," which is often interpreted to mean neglect of duty or malfeasance. Last year, the court allowed President Donald Trump to fire - at least temporarily - Gwynne Wilcox, a member of the National Labor Relations Board, and Cathy Harris, a member of the Merit Systems Protection Board, but it carved out a distinction for the Fed. The two officials had argued that if Trump could fire them, he could also fire members of the Fed's board of governors. "We disagree," the court said then. "The Federal Reserve is a uniquely structured, quasi-private entity that follows in the distinct historical tradition of the

Trump says Federal Reserve chair interviews done, has pick in mind

Trump's shortlist includes National Economic Council Director Kevin Hassett, BlackRock executive Rick Rieder, current Fed Governor Christopher Waller and a former governor, Kevin Warsh

Trump warns Powell won't be 'very happy' if he stays on at Federal Reserve

The Trump administration has intensified its fight against the current Fed chair, issuing subpoenas hinting at a possible criminal probe into the central bank's renovation of Washington headquarters

Five questions that will dominate debate in India and the world in 2026

Five major themes set to shape economic debate in 2026, from India-EU trade ties and fiscal strategy to data revisions, Fed independence and the risks around AI investment

BlackRock's Rick Rieder bid for US Federal Reserve chair gainining momentum

The search is now a four-man race, some of the people said, among Rieder, National Economic Council Director Kevin Hassett, Fed Governor Christopher Waller and former governor Kevin Warsh

Jeanine Pirro going after Fed's Jerome Powell, heedless of backlash

The probe elicited objections from lawmakers and comments from President Donald Trump that suggest he's trying to distance himself from the matter

Fed under fire: Undermining the institution can have serious consequences

The dollar's position in the international market not only reflects the size of the US economy but also the strength of its institutions, particularly the central bank