The US Federal Reserve (Fed) - with new head Kevin Warsh at the helm - has, as expected, left US interest rates in the range of 3.50–3.75 percent. However, the Fed board disagrees on the future outlook.
BusinessPresident Donald Trump will swear in Kevin Warsh as the new head of the U.S. Federal Reserve (the Fed) on Friday, the White House told several U.S. media outlets.
BusinessStubborn inflationary pressures and now strong job figures seem to be reducing the chance that Kevin Warsh - the new head of the Federal Reserve (Fed) - can lower the key interest rate in the United States. That raises the risk of a clash with President Donald Trump.
BusinessThe US Federal Reserve (Fed) is leaving the US benchmark interest rate unchanged in the range of 3.50-3.75 percent, as expected, Bloomberg reports. However, the decision was made with the widest disagreement in over three decades.
BusinessThe Federal Reserve (Fed) is leaving US interest rates unchanged in the 3.50–3.75 percent range, as expected. The impact of the war in Iran on inflation is weighing heavily on the US central bank. This makes an already difficult balancing act even harder for the Fed, says Maria Landeborn, senior strategist at Danske Bank.
BusinessA federal judge in the United States has completely dismissed prosecutors' subpoenas issued in a criminal investigation into outgoing Federal Reserve (Fed) Chairman Jerome Powell.
BusinessPresident 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.
BusinessDonald Trump said he will announce next week who will be the new head of the US Federal Reserve (the Fed).
BusinessCentral bank governor Anna Breman is criticized by New Zealand Foreign Minister Winston Peters for supporting fellow central banker Jerome Powell.
BusinessKevin Warsh. Is that the name of the future head of the US central bank? Much now suggests so, since he seems to be US President Donald Trump's favorite.
BusinessThe US Federal Reserve (Fed) has cut its key interest rate by a quarter of a percentage point to a range of 3.50–3.75 percent, as expected. However, the Fed is cautious about future cuts.
BusinessAnother cut in the key interest rate – or not? On December 10, the US Federal Reserve (Fed) will put its foot down. The decision-makers now appear unusually divided – while the Fed chairman keeps his mouth shut.
BusinessThe US Federal Reserve (Fed) is cutting its key interest rate by 0.25 percentage points to a range of 3.75–4.00 percent, as expected. They seem fairly comfortable with the economic situation, says Maria Landeborn, senior strategist at Danske Bank.
BusinessLeading indexes on the US stock market fell on Wednesday after Federal Reserve Chairman Jerome Powell said the market should not assume that the key interest rate will be lowered further in December.
BusinessUSA's central bank Federal Reserve (Fed) lowered as expected the interest rate by 0.25 percentage points. Fed also sends signals of two more interest rate cuts this year.
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