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
Trump’s Return Raises Fed Independence Concerns
The re-election of Donald Trump as president has reignited concerns over the Federal Reserve’s independence, particularly given his history of criticizing the central bank and its chair, Jerome Powell, for not cutting
Norway’s Wealth Fund Sees Record Gains Amid Global Economic Shifts
In a quarter marked by economic uncertainty and volatile markets, Norway’s sovereign wealth fund, the largest in the world, posted significant profits thanks to favorable monetary policy changes. With interest rates falling
Gold Soars Above $2,700 as Geopolitical Tensions and Economic Uncertainty Rise
Gold surged to historic highs, surpassing $2,700 per ounce on Friday, driven by heightened geopolitical tensions in the Middle East, looming uncertainties around the U.S. elections, and market anticipation of looser monetary