Tag: Jerome Powell

Powell to remain at Fed amid legal ‘battering’ by Trump administration

April 29, 2026 admin

Federal Reserve Chairman Jerome Powell speaks at a news conference at the Federal Reserve, following the Federal Open Market Committee meeting, in Washington on Wednesday (April 29, 2026). | Photo Credit: AP Federal Reserve Chair Jerome Powell said on Wednesday (April 29, 2026) he will stay on as a central bank governor for an undetermined…

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Trump names former Federal Reserve Governor Warsh as the next Fed chair, replacing Powell

January 30, 2026 admin

U.S. President Donald Trump said Friday (January 30, 2026) that he will nominate former Federal Reserve official Kevin Warsh to be the next chair of the Fed, a pick likely to result in sharp changes to the powerful agency that could bring it closer to the White House and reduce its longtime independence from day-to-day…

World

U.S. Federal Reserve cuts interest rate by 0.25 points

September 17, 2025 admin

The Federal Reserve cut its key interest rate by a quarter point Wednesday (September 17, 2025) and projected it would do so twice more this year as concern grows at the central bank about the health of the nation’s labour market. The move is the Fed’s first cut since December and lowered its short-term rate…

Business

U.S. Federal Reserve is set to cut key rate but consumers might not feel much benefit anytime soon

December 18, 2024 admin

“Growth is definitely stronger than we thought, and inflation is coming in a little higher,” U.S. Federal Reserve Chair Jerome Powell said recently. “So the good news is, we can afford to be a little more cautious as we try to find neutral.” File | Photo Credit: Reuters Federal Reserve officials on Wednesday (December 18, 2024)…

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Fed Chair Powell says U.S. economy is in ‘solid shape’ with more rate cuts coming

September 30, 2024 admin

Federal Reserve Board Chairman Jerome Powell. File | Photo Credit: AP Federal Reserve Chair Jerome Powell signalled Monday that more interest rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy. Wall Street investors and economists are weighing whether the Fed will follow its larger-than-usual half-point…

Business

Markets pare early gains; trade lower amid muted global market trend

August 23, 2024 admin

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai. | Photo Credit: PTI Equity benchmark indices Sensex and Nifty began the trade on a positive note on Friday (August 23, 2024) but later pared gains to quote lower amid a muted trend in global markets and selling in IT stocks. Market analysts said…

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