Powell Stands Firm as Trump Escalates Fed Pressure
Fed Chair Resists Calls to Resign Amid Political Firestorm Federal Reserve Chair Jerome Powell has made it clear to allies that he will not step down under pressure from President Donald Trump,
Bank of England Watches U.S. Tariffs’ Impact on U.K. Growth
Bank of England Governor Andrew Bailey expressed concern Thursday over the potential impact of U.S. tariffs on U.K. economic growth, especially if global trade experiences a slowdown. Bailey, in an interview at
Fed May Reconsider Approach to Inflation and Jobs: Powell
The U.S. Federal Reserve is considering revising key elements of its monetary policy framework, especially regarding jobs and inflation, as it faces the possibility of more frequent and persistent supply shocks. This
Gold Hits New Record on Fed Rate Cut Expectations
Investors bet on more easing as inflation data looms Gold prices surged to a new all-time high on Monday, fueled by growing investor confidence that the Federal Reserve will adopt a more
Bank of Japan Holds Rates Amid Inflation Decline
Core inflation cools but pressures for hike persist The Bank of Japan (BOJ) kept its benchmark policy rate steady at 0.5% on Friday, in line with expectations from economists polled by Reuters.
Trump Teases Decision on Next Federal Reserve Chair
Impending Announcement on Fed Chair President Donald Trump indicated on Friday that a decision regarding the next Federal Reserve chair will be announced soon. While speaking to reporters on Air Force One,
Japan’s GDP Contracts Less Than Expected in Q1
Japan’s economy contracted less than initially estimated in the January-March quarter, according to revised government data released on Monday. While private consumption was revised upwards, the outlook remains clouded by the uncertainty
Russia Cuts Interest Rates Amid Easing Inflation Pressures
On Friday, Russia’s central bank announced its first interest rate cut since September 2022, reducing the rate by 100 basis points to 20%. This marks a shift in the nation’s monetary policy
ECB Cuts Interest Rates Amid Inflation Revisions and Growth Concerns
The European Central Bank (ECB) announced a 25 basis point interest rate cut on Thursday, reducing the deposit facility rate to 2%, down from a mid-2023 high of 4%. This move follows
Trump Meets with Fed Chair Powell to Discuss Economic Outlook
President Donald Trump met with Federal Reserve Chair Jerome Powell on Thursday to discuss U.S. economic developments, including growth, employment, and inflation. The meeting, which was confirmed by the Federal Reserve, took
Asian Economies Urged to Avoid Retaliatory Tariffs
As global trade tensions rise, Asian economies are urged to adopt strategic measures to avoid a damaging cycle of retaliatory tariffs. Edward Robinson, the deputy managing director of the Monetary Authority of
Fed Holds Rates Amid Trade Uncertainty, Risks of Stagflation
The Federal Reserve opted to keep its key interest rates unchanged on Wednesday as the U.S. economy navigates the volatility caused by President Donald Trump’s trade war and his ongoing tariff policies.
Fed President Calls for Patience Amid Tariff Impact
Cleveland Federal Reserve President Beth Hammack emphasized the need for patience and careful analysis in addressing the impact of tariffs on inflation and economic growth. Speaking in her first broadcast interview since