Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific rose Monday, tracking Wall Street gains after Federal Reserve Chair Jerome Powell signaled that the central bank could begin easing monetary policy next month in his widely anticipated annualRead More →
Federal Reserve Chair Jerome Powell on Friday gave a tepid indication of possible interest rate cuts ahead as he noted a high level of uncertainty that is making the job difficult for monetary policymakers. In his much-anticipated speech at the Fed’s annual conclave in Jackson Hole, Wyoming, the central bankRead More →
Cook, who has been accused of mortgage fraud, says she will not be ‘bullied’ into resigning by the president. United States President Donald Trump says he will fire Federal Reserve Governor Lisa Cook if she doesn’t quit, intensifying his effort to gain influence over the central bank. “I’ll fire herRead More →
Cook, who has been accused of mortgage fraud, has said she will not be bullied by Trump into resigning. The United States Department of Justice plans to investigate Federal Reserve Governor Lisa Cook, with a top official informing Federal Reserve Chair Jerome Powell of the probe and encouraging him toRead More →
Oli Scarff | Getty Images LONDON — European stocks are expected to open broadly higher on Thursday as regional traders keep an eye on the latest economic data from the region. The U.K.’s FTSE index is seen 0.11% higher, Germany’s DAX up 0.12%, France’s CAC 40 flat and Italy’s FTSE MIBRead More →
Ulsan city skyline from the Hamwolru Pavilion. People can enjoy beautiful cityscape for free. Ulsan, South Korea. Insung Jeon | Moment | Getty Images Asia-Pacific markets mostly fell Tuesday as investors await the outcome of the talks between U.S. President Donald Trump, Ukraine’s President Volodymyr Zelenskyy and European leaders at the WhiteRead More →
US president says the Treasury secretary wishes to stay in his current role. United States President Donald Trump has ruled out Secretary of the Treasury Scott Bessent as his pick to replace Federal Reserve Chair Jerome Powell. Trump, who has repeatedly criticised Powell for not moving faster to lower interestRead More →
WASHINGTON – A divided Federal Reserve on Wednesday voted to keep its benchmark interest rate steady, despite a barrage of criticism from President Donald Trump and dissents from two top officials. The Federal Open Market Committee, the group that sets the overnight borrowing rate, voted 9-2 to stay on hold.Read More →
President of Queens’ College of Cambridge University Mohamed El-Erian speaks during a panel discussion at the headquarters of the International Monetary Fund during the Annual Meetings of the IMF and World Bank in Washington, D.C., on Oct. 13, 2022. James Lawler Duggan | Reuters Mohamed El-Erian on Tuesday called forRead More →
