Federal Reserve

Price drop in gold and silver after Trump nominates Kevin Warsh as Fed head

Precious metals prices are falling sharply. The sharp price declines began when the media reported that President Donald Trump was about to nominate Kevin Warsh as the new head of the US Federal Reserve (the Fed).

Trump says Kevin Warsh will be the new Fed chairman

President Trump announced on Truth Social that he has nominated former central banker Kevin Warsh to be the next head of the Federal Reserve. "He will never let you down. Congratulations, Kevin!" Trump wrote.

New bids: New Fed chief to be announced as early as Friday, Trump says

Trump may announce new Federal Reserve chief next week

Donald Trump said he will announce next week who will be the new head of the US Federal Reserve (the Fed).

Quiet US stock market ahead of major quarterly reports

An interest rate announcement from the central bank surprised few investors; the wait for major quarterly reports took over, and price movements on the New York Stock Exchange were small.

Fed leaves US interest rate unchanged at 3.50-3.75 percent

The Federal Reserve (the Fed) has decided to leave the United States' key interest rate unchanged at 3.50–3.75 percent, as expected.

US stock market slightly down on quiet day

After a Friday of small price movements, the US stock market closed slightly lower.

Trump hesitates on Fed chairman nomination

U.S. President Donald Trump is hesitant to nominate Kevin Hassett as the next head of the U.S. Federal Reserve (the Fed).