Page 7 - Us Federal Reserve

Bessent urges Federal Reserve to lower rates by 150 basis points or more

Fed policymakers kept their benchmark at a target range of 4.25 per cent to 4.5 per cent at their last policy meeting

Asian stocks rise as Fed rate cut bet lifts market; Nikkei hits record high

The highly-anticipated US inflation readings indicated President Donald Trump's tariff regime had yet to filter down to consumer prices

Trump to nominate top economic aide Stephen Miran to Federal Reserve board

President Donald Trump said Thursday he will nominate a top economic adviser to the Federal Reserve's board of governors for four months, temporarily filling a vacancy while continuing his search for a longer-term appointment. Trump said he has named Stephen Miran, the chair of the White House's Council of Economic Advisers, to fill a seat vacated by governor Adriana Kugler, a Biden appointee who is stepping down Friday. Miran, if approved by the Senate, will serve until January 31, 2026. The appointment is Trump's first opportunity to exert more control over the Fed, one of the few remaining independent federal agencies. Trump has relentlessly criticised the current chair, Jerome Powell, for keping short-term interest rates unchanged. Miran has been a major defender of Trump's income tax cuts and tariff hikes, arguing that the combination will generate enough economic growth to reduce budget deficits. He also has played down the risk of Trump's tariffs generating higher inflation,

Asian shares rise on Wall Street rally, strong earnings, Fed cut bets

At the same time, markets largely shook off Trump's latest tariff moves, including an additional 25 per cent tariff on India over purchases of Russian oil

Trump likely to name interim Fed governor to fill upcoming vacancy

Fed Governor Adriana Kugler announced last week that she plans to vacate her role on Aug. 8

Fed Governor Adriana Kugler to resign, opening spot for a Trump pick

Trump and his allies have applied intense pressure on the Fed and Chair Jerome Powell to lower interest rates, which policymakers have declined to do so far this year

Trump urges Fed board to wrest control from Powell over rate cut row

Posting on his Truth Social platform, Trump called Powell "stubborn." The Fed chair has been subjected to vicious verbal attacks by the Republican president over several months

Tariffs drive June inflation rise in US, delaying Fed rate cut hopes

The personal consumption expenditures (PCE) price index rose 0.3 per cent last month after an upwardly revised 0.2 per cent gain in May, the Commerce Department's Bureau of Economic Analysis said

Sensex crashes 786 points intraday, recovers; check key reasons here

Why stock markets are falling: US Trump tariffs, F&O expiry, and FII selling are some of the reasons why Sensex, Nifty are down today

Federal Reserve leaves interest rates unchanged even as Trump demands cuts

The Federal Reserve left its key short-term interest rate unchanged for the fifth time this year, brushing off repeated calls from President Donald Trump for a cut. The Fed's decision Wednesday leaves its key short-term rate at about 4.3 per cent, where it has stood after the central bank reduced it three times last year. Chair Jerome Powell has said the Fed would likely have cut rates already if not for Trump's sweeping tariffs. Powell and other Fed officials say they want to see how Trump's duties on imports will impact inflation and the broader economy. So far the duties have lifted costs of some goods, such as appliances, furniture, and toys, and overall inflation has risen a bit, though less than many economists had expected. There were some signs of splits in the Fed's ranks: Governors Christopher Waller and Michelle Bowman voted to reduce borrowing costs, while 9 officials, including Powell, favoured standing pat. It is the first time in more than three decades that two of t

Pressure mounts on Fed Chief Powell ahead of key GDP, jobs data release

Forecasters anticipate the heavy dose of data will show economic activity rebounded in the second quarter, largely due to a sharp narrowing of the trade deficit, while job growth moderated in July

Trump uses 'flood the zone' tactic to ramp up pressure on Fed's Powell

Trump escalates pressure on the Fed with a high-profile visit, signals retreat from firing Powell while pushing for rate cuts, using his trademark 'flood-the-zone' strategy

Trump says no need to fire Powell, downplays clash after Fed tour

The president's visit was a rare spectacle, with Trump being the first president to visit the Federal Reserve in nearly two decades

Fed chair refutes Trump, says he's wrong on central bank renovation costs

President Donald Trump rattled off a number to shame Federal Reserve Chair Jerome Powell about the renovation costs of the Fed's headquarters and America's central banker dared to correct him. Live on video. The exchange occurred Thursday in the plywood-sheathed headquarters of the Fed that are still under construction. Both men wore white hard hats and dark suits. Trump spoke with utter certainty, while Powell skeptically cocked his eyebrows. Trump claimed the renovation project was over budget at a $3.1 billion price tag, while Powell pushed back and said the president was including an extra building that had been renovated five years ago. The Fed has maintained that renovation costs are $2.5 billion, an increase from $1.9 billion. It looks like it's about $3.1 billion, went up a little bit or a lot, said Trump. Powell shook his head in disagreement. I'm not aware of that, Mr. President, he responded. It just came out, said Trump, pulling a folded piece of paper from his suit .

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

Trump calls Fed's Powell a 'numbskull', says he will be out in 8 months

US President Donald Trump has consistently criticised Powell for failing to lower interest rates and has often raised the prospect of removing him, while acknowledging that such a move is 'unlikely'

Gold may trade in tight range ahead of US data, Fed cues: Analysts

Gold prices are likely to remain range-bound in the coming week as investors await clarity on global trade negotiations, upcoming US macroeconomic data and signals from the Federal Reserve, analysts said. Traders will closely watch Fed Chair Jerome Powell's speech and global PMI data from major economies, including the US, UK and Eurozone. The European Central Bank's interest rate decision will also be closely tracked for cues on the bullion price trajectory, they said. Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services, said that in the week ahead, focus will remain on the trade negotiation outcome, Fed official speeches, US macro data, including housing market, weekly initial claims, and durable goods orders. "Gold prices are seen consolidating in a range over the past couple of weeks amid a lack of fresh triggers and recovery in the US Dollar in the given period," Mer said, adding that downside in bullion looks limited as focus remains on the

Fed keeps Trump waiting as central banks worldwide begin rate cuts

The US president's tariff onslaught is likely to force further measured easing in coming months by most of the 23 central banks featured in this quarterly guide on the global monetary outlook

Fed holds off on rate cuts as inflation risks outweigh Trump pressure

Powell and other Fed officials said they expected price increases to quicken this summer

Gold heads for weekly dip as platinum surges to near 11-year high

The dollar is down 0.4 per cent for the day, but is headed for a second straight weekly rise. A stronger dollar tends to make gold expensive for buyers holding other currencies