Powell Warns: High Inflation to Delay Rate Cuts
Federal Reserve Chair Jerome Powell delivers sobering testimony, indicating prolonged high interest rates as inflation proves more persistent than anticipated, sending ripples through global markets.
Category : Search result: Federal Reserve testimony
US Shoppers Defy Recession Fears with Surprise Spending Spree
New data reveals a stunning paradox in the US economy: consumer spending soars to a six-month high despite deepening recession anxieties and soaring inflation. Discover the sectors booming against the odds.
Fed Governor Stephen Miran Resigns After 18 Months
US Federal Reserve Governor Stephen Miran has unexpectedly resigned after just 18 months, citing personal reasons. The departure fuels speculation about internal discord at the world's most powerful central bank.
Court Upholds Trump's Firing of Fed Governor Lisa Cook
A US appeals court has dismissed Lisa Cook's lawsuit against Donald Trump, ruling the former president had absolute immunity when he fired her from the Federal Reserve Board in 2025. The landmark decision raises serious questions about presidential power
Trump Vows to Fire Fed's Lisa Cook if Re-Elected
Former President Donald Trump has pledged to fire Federal Reserve Governor Lisa Cook 'on Day One' of a potential second term, signalling an unprecedented assault on the US central bank's political independence and sending shockwaves through financial mark
Trump: Slash Immigration to Cure US Inflation
Ex-President Donald Trump proposes a controversial economic strategy, linking high immigration to soaring inflation and outlining radical plans for his potential return to the White House.
Fed Governor Lisa Cook's Home Targeted in Security Breach
US Federal Reserve Governor Lisa Cook's Maryland home was the scene of a major security incident, prompting a swift response from law enforcement. Details emerge of the alarming breach.
ICE Agent Shot in Critical Condition in Chicago
A US Immigration and Customs Enforcement agent is in critical condition after a targeted shooting in Chicago's West Side. Federal authorities are investigating the brazen daylight attack.
Fed Officials Warn Trump Policies Threaten US Economic Stability
Senior Federal Reserve governors have publicly challenged Donald Trump's economic agenda, warning his proposed policies could severely destabilise the US financial system and lead to dangerous political interference in central banking.
Fed Holds Rates Steady as Inflation Cools
The US Federal Reserve pauses its aggressive rate-hiking campaign, signalling a potential turning point in the battle against inflation. We break down the impact on mortgages, savings, and the global economy.
Jamie Dimon's Chilling Economic Warning
JPMorgan Chase CEO Jamie Dimon has delivered a sobering assessment of the global economy, warning of a 'hard landing' and potential stagflation. The banking titan's comments signal turbulent times ahead for markets, interest rates, and government spending
Trump Launches Lawsuit Against Fed's Lisa Cook
Federal Reserve Governor Lisa Cook is hit with a lawsuit by Donald Trump, alleging constitutional violations over her continued tenure. This explosive legal move threatens a major clash between US political and financial institutions.
US Inflation Outpaces Wages, Census Data Reveals
Fresh US Census data reveals a concerning economic trend: while median household income has dipped, inflation continues to erode purchasing power, creating a financial strain for American families.
US Job Growth Cools Sharply in March 2025
US labour market shows signs of cooling as latest figures reveal job creation fell significantly below expectations in March 2025, with unemployment rate holding steady at 4.1%.
Asian Markets Dive Following Fed's Hawkish Stance
Major Asian stock markets, including Tokyo's Nikkei and Hong Kong's Hang Seng, plunged sharply after US Federal Reserve signals dashed hopes for imminent interest rate cuts, mirroring a significant sell-off on Wall Street.
Federal Agents Raid Chicago Suburb in Major Operation
The Chicago suburb of Evanston was the scene of a significant federal law enforcement operation on Monday, with agents from multiple agencies executing a search warrant at a residential property. The nature of the investigation remains undisclosed as auth
US Jobs Market Cools in August as Hiring Slows
The latest US jobs report for August 2025 reveals a significant slowdown in hiring and a rise in unemployment, signalling a cooling labour market that could influence the Federal Reserve's next interest rate decision.
Wells Fargo shares plunge 9% after regulatory rejection
Exclusive: Wells Fargo faces major setback as US regulators reject its resolution plan, triggering a 9% stock plunge and raising concerns over the bank's crisis management capabilities.
Trump Demands Fed Chief's Head in Explosive Economic Rant
Donald Trump launches a blistering attack on Federal Reserve Chair Jerome Powell, accusing him of political bias and hinting at drastic action if re-elected. The former president also took aim at JD Vance and Hyundai in a wide-ranging economic tirade.
US Jobs Report: August Hiring Slump as Tariffs Bite
Exclusive analysis of the US August jobs report reveals a significant hiring slowdown, with the economy adding just 130,000 jobs. Rising trade tariffs are cited as a key factor creating uncertainty and stifling growth.
US August Jobs Report Delayed by Technical Glitch
The crucial US August employment report faces an unexpected delay due to technical difficulties at the Bureau of Labor Statistics, creating uncertainty for markets and policymakers.
Trump's Wall Street Remarks Spark Fears of Market Instability
Former US President Donald Trump's suggestion of imposing tariffs on all imports sent shockwaves through Wall Street, raising alarms among investors and analysts about potential market turmoil and a new era of global trade wars.
Fed's Lisa Cook faces mortgage investigation
US Federal Reserve Governor Lisa Cook is under investigation by the House Judiciary Committee over allegations of improper mortgage approvals during the pandemic. Discover the details of the claims and the Fed's response.
Trump Allies Draft Plan to Curb Federal Reserve Independence
A radical proposal from Donald Trump's allies seeks to strip the Federal Reserve of its independence, allowing the White House to demote Chair Jerome Powell and influence interest rates, a move that could shake global markets.
BOE Governor: Trump Threat to Federal Reserve Independence
Bank of England Governor Andrew Bailey expresses grave concerns about Donald Trump's potential influence on the US Federal Reserve's independence, warning of significant global economic implications.
Trump's Economic Agenda Sparks Inflation and Recession Fears
Former President Donald Trump's radical economic proposals, including universal tariffs and mass deportations, are raising alarm among economists and business leaders who warn of severe inflationary pressure and market instability.
Trump's Plan to Strip Protections from US Federal Workforce
Exclusive: The Trump administration is advancing a sweeping plan to strip job protections from thousands of federal employees, potentially reshaping the US government's structure and igniting a fierce political battle over the future of the American civil
Trump's Threat to Federal Reserve Independence
As Donald Trump threatens to undermine Federal Reserve independence, The Guardian examines why accountability, not just autonomy, is crucial for economic stability. A deep dive into the looming constitutional crisis.
CDC Crisis: Kennedy's Shake-Up & Trump's Fed Pick Ignite Storm
Exclusive: Robert F. Kennedy Jr.'s controversial CDC overhaul and Trump's unexpected Fed nomination spark intense debate and market jitters. Full analysis of the political upheaval.
Trump Sued by Fed's Lisa Cook Over Discrimination Claims
Former President Donald Trump is being sued by Federal Reserve Governor Lisa Cook, who alleges a campaign of racial and gender-based discrimination derailed her initial confirmation. The landmark case exposes deep tensions within the US financial oversigh
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