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By Kevin Buckland and Rocky Swift TOKYO (Reuters) -Japanese government bond yields tested record highs on Tuesday after U.S. President Donald Trump's attempt to oust Federal Reserve Governor Lisa Cook ...
President Donald Trump just fired a top policymaker at the Federal Reserve, but it wasn’t Chair Jerome Powell. That itself shows the president has conceded there’s a limit to his attacks on the ...
The importance of that independence was underscored during the 1970s, when then-Fed Chair Arthur Burns, under pressure from President Richard Nixon, kept rates low ahead of the 1972 election.
The Federal Reserve wields vast power over the US economy, cutting rates to spur borrowing and growth, or raising them to ...
Powell delivered the guidance in a highly anticipated speech on Friday at the central bank's annual symposium in Jackson Hole ...
President Trump said on Monday he has removed Federal Reserve governor Lisa Cook from her post, following through on a threat ...
Last week, Cook emphasised she wouldn't leave her post after the US president called for her resignation on social media, linked to an accusation from one of his officials that she committed mortgage ...
The likelihood of a Federal Reserve rate cut in September is now seen near 100% after new data showed US inflation increasing at a moderate pace in July and Treasury Secretary Scott Bessent said he ...
The chair of the central bank, Jerome Powell, warned that US tariffs were pushing up inflation and the labor market was ...
Market-based expectations of future price gains, known as inflation break-even rates, could remain elevated for two reasons, ...
Federal Reserve Bank of Chicago President Austan Goolsbee said while some recent inflation readings have come in better than ...