Outgoing US Federal Reserve chair Jerome Powell on Wednesday (local time) shared some advice for his to-be appointed successor after announcing the central bank’s decision to keep rates unchanged. Market experts had expected that the Fed would keep interest rates steady after its two-day policy meeting on Wednesday, despite media reports indicating pressure from the…
As widely expected, the US Federal Open Market Committee (FOMC) on January 28 maintained a status quo on policy rates, after cutting rates in three consecutive policy meetings in September, October, and December last year. The Committee decided to keep the target range for the federal funds rate at 3.5% to 3.75%, its lowest level…
The United States Federal Reserve’s Federal Open Market Committee (FOMC), after its two-day policy meeting, decided to keep key interest steady in the range of 3.50% to 3.75%, according to the official statement released on Wednesday, 28 January 2025. The steady rates come after the central bank cut benchmark rates three times in a row….
The search for a new Fed chair is nearing its end, with US President Donald Trump expected to announce a successor of Jerome Powell in the coming weeks. Powell’s term as Federal Reserve chairman will end in May, but he is not obliged to leave the Washington-based Board of Governors until 2028, news agency Reuters…
Gold, Silver Rate Today LIVE: Gold and silver prices continue to trade near record highs amid escalating geopolitical tensions and rising safe-haven demand, making a strong start to 2026, after blistering rallies last year. Spot gold prices in the international markets traded above $4,600 an ounce near record high after US inflation data supported the…
Central bank chiefs from around the world have come together to express their support for Federal Reserve chair Jerome Powell, saying they stand in “full solidarity” with him after the United States threatened the 72-year-old banker with criminal indictment. The heads of the Bank of England, the European Central Bank and the Bank of Canada…
President Donald Trump accused Federal Reserve Chair Jerome Powell of being either “incompetent” or “crooked” following controversy in Washington over a Justice Department investigation into the renovation of the central bank’s headquarters. According to a report by Bloombergspeaking to reporters on Tuesday as he left the White House for an economic address in Detroit, Trump…
The rates of gold and silver saw massive gains and hit their record highs in early deals on the MCX on Monday, January 12, as investors rushed to safe-haven assets on rising geopolitical uncertainties, the dollar’s fall, and increased prospects of US Fed rate cuts this year. MCX gold February futures jumped 1.5% to hit…
Federal Reserve Chair Jerome Powell said the US central bank had been served grand jury subpoenas from the Justice Department threatening a criminal indictment related to his June congressional testimony on ongoing renovations of the Fed’s headquarters. In a statement released Sunday evening, Powell rejected the notion that the action was driven by his testimony…
