Traders see the Fed on hold for now, and a rate hike next year - Reuters

Traders see the Fed on hold for now, and a rate hike next year  Reuters

Interest rates expected to be held as uncertainty over Iran war continues

Future base rate changes are hard to predict as analysts judge the economic impact of the Iran war.

Trump Administration Announces Moves to Sharply Curtail Gun Regulations

The changes are in keeping with the administration’s pledge to cut back on gun restrictions.

By Devlin Barrett

Bessent Says Powell Staying On Is ‘Violation’ of All Fed Norms - Bloomberg.com

Bessent Says Powell Staying On Is ‘Violation’ of All Fed Norms  Bloomberg.com

Powell to Remain on Fed Board, Citing Legal Pressure From Trump - WSJ

Powell to Remain on Fed Board, Citing Legal Pressure From Trump  WSJ

Jay Powell vows to remain on Fed board as he warns over Trump’s attacks

Central bank chief says he will continue as a governor even after Kevin Warsh succeeds him as chair

Jerome Powell's final run at the helm of the Fed

The chair of the US Federal Reserve has presided over his last monetary policy meeting before his term ends in mid-May. But according to the institution's statutes, Powell may remain on the board until 2028.

Trump administration moves to dismiss members of the National Science Board

The Trump administration has moved to dismiss the members of the National Science Board, which governs the National Science Foundation. Dismissed members say the agency's independence is threatened.

By Katia Riddle

Warsh hints at a new reading of the Fed's power over swap lines amid UAE discussion

Fed chair nominee Kevin Warsh responded to Senate Banking about swap lines by saying the Fed isn't fully independent in matters of international finance.

HKMA holds base interest rate at 4%, following Fed as war inflation worries persist

Hong Kong’s monetary authority has held its base interest rate steady, following the lead of the US Federal Reserve, as analysts said the inflationary impact of the US-Israel war with Iran had reduced the chances of a rate cut this year. The city’s base rate would stay at 4 per cent, the Hong Kong Monetary Authority (HKMA) said on Thursday, hours after the US Federal Reserve kept its target rate in the range of 3.5 to 3.75 per cent following the third meeting of the Federal Open Market Commit...

By Enoch Yiu

Oil prices settle at multi-week highs as global supply worries mount - The Globe and Mail

Oil prices settle at multi-week highs as global supply worries mount  The Globe and Mail

Powell stays on Fed board after term ends, preventing Trump appointment

US Federal Reserve Chair Jerome Powell on Wednesday urged central bank independence as he nears the end of his term on May 15. He said he would remain a Fed governor, drawing criticism from President Donald Trump, who mocked the decision.

By FRANCE 24

Fed Holds Interest Rates Steady In Powell’s Last Meeting—With Most Dissenting Votes Since 1992 - Forbes

Fed Holds Interest Rates Steady In Powell’s Last Meeting—With Most Dissenting Votes Since 1992  Forbes

Jerome Powell to continue as Federal Bank governor, Trump says ‘he can’t get a job anywhere else’

In Jerome Powell's last words as Fed Chair a key message for Kevin Warsh and Trump

Jerome Powell used what is likely his final press conference as Federal Reserve chair to send a direct message to Donald Trump, and incoming nominee Kevin Warsh

Russian economy contracts as high interest rates and tax hikes hit growth

Sberbank has cut ​its gross domestic product growth forecast for ‌Russia to 0.5 per cent to 1 per cent from between 1 per cent and 1.5 per cent, after a poor first-quarter economic performance. Russia’s ​largest bank updated its forecasts ahead of ​the release of a preliminary first-quarter GDP ⁠estimate by the Economy Ministry on […]

BOK sees rising uncertainty in US monetary policy path after new Fed chair

Uncertainty over the future path of US monetary policy under the next Federal Reserve chair, Kevin Warsh, has increased further amid rising oil prices and inflation, the Bank of Korea said Thursday. "Overnight at the Federal Open Market Committee, opinions within the Fed were significantly divided, and inflation driven by rising oil prices was emphasized," BOK Senior Deputy Gov. Ryoo Sang-dai said during a meeting to review market conditions. "Uncertainty regarding the future path of US monetary

By The Korea Herald

Powell to remain at Fed amid legal 'battering' by Trump administration

Powell's decision, unprecedented in the modern era of central banking, reflects concern over ongoing political attacks on the institution.

Kevin Warsh to be Fed's 'chairman rather than chief' - JPMorgan's David Kelly

Gold slides further as global cues weigh

Drops Rs5,500/tola amid Fed policy uncertainty; rupee inches up

By Usman Hanif

Governor Powell

Governor Powell By Philip Marey, senior US strategist at Rabobank Summary As widely expected, the FOMC remained on hold. Governor Miran dissented again because he wanted a rate cut. However, there were also three dissenters (Hammack, Kashkari and Logan) who wanted to remove the bias toward cutting from the statement. On balance, Powell said that the center of the Committee was moving toward a more neutral place in thinking about cuts versus hikes. Powell announced that this was ...

By Tyler Durden

Urgently address glaring hurdles in CBE transition

Three out of four Grade 3 learners cannot tackle basic mathematics.