Page 2 - Us Federal Reserve

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

Fed autonomy fears spark 'Sell America' trade after DOJ legal move

The dollar, Treasuries and US equities futures all slid in early Asia trading after Chair Jerome Powell said the threat of a US criminal indictment was a consequence of a disagreement

US futures slip while Asian shares gain as Fed chair faces legal threat

US futures slipped but markets in Asia advanced Monday after Federal Reserve Chair Jerome Powell said the Department of Justice had served the central bank with subpoenas. The threat of a criminal indictment over Powell's testimony about the Fed's building renovations is the latest escalation in President Donald Trump's feud with the Fed. Trump has criticized the Fed's $2.5 billion renovation of two office buildings as excessive. Markets appeared to take the news in stride, although gold and other precious metals often used as a hedge in times of uncertainty climbed. The futures for the S&P 500 and the Dow Jones Industrial Average fell 0.5%. The future for the Nasdaq composite index slipped 0.8%. In Asia, Hong Kong's Hang Seng gained 0.4% to 26,337.92, while the Shanghai Composite index also rose 0.4%, 4,135.31. Tokyo's markets were closed for a holiday. However, the US dollar rose against the Japanese yen, climbing to 157.96 yen from 157.90 late Friday. In South Korea, the Kospi

Trump might still fire Jerome Powell as decision to pick Fed chair nears

Trump did not specify who is his leading chair candidate and said an announcement would be made in "January sometime"

Next Fed chair will believe in lower interest rates 'by a lot', says Trump

Trump made the comments during a national address touting his economic and national security accomplishments in the first year of his second term in office

Trump names Hassett, Warsh as top contenders for Federal Reserve chair

Trump previously signalled that he already made up his mind, saying Monday he had a "a pretty good idea" of who to nominate

Divisions in Federal Reserve underscore challenge for Trump's next chair

President Trump wants substantially lower borrowing costs, but officials at the central bank appear ready to resist delivering further cuts if the economic backdrop does not warrant it

US policy differences will require monitoring as Fed rate cuts spark debate

Fed Chairman Jerome Powell, in his remarks, said the policy interest rate was now in neutral territory, which means it is neither expansionary nor contractionary

US Federal Reserve cuts key rate again, signals steadier economy next year

The Federal Reserve reduced its key interest rate by a quarter-point for the third time in a row on Wednesday but signalled that it may leave rates unchanged in the coming months. Chair Jerome Powell signalled at a news conference that the Fed would likely hold off on further rate cuts in the coming months while it evaluated the health of the economy. And in a set of quarterly economic projections, Fed officials signalled they expect to lower rates just once next year. Wednesday's cut reduced the rate to about 3.6 per cent, the lowest it has been in nearly three years. Lower rates from the Fed can bring down borrowing costs for mortgages, auto loans, and credit cards over time, though market forces can also affect those rates. Fed officials "will carefully evaluate the incoming data," Powell said, adding that the Fed is "well positioned to wait to see how the economy evolves." The chair also said that the Fed's key rate was close to a level that neither restricts nor stimulates the