President Donald Trump on Friday named Kevin Warsh to succeed Jerome Powell as Federal Reserve chair, ending a prolonged odyssey that has seen unprecedented turmoil around the central bank. The decision culminates a process that officially began last summer but started much earlier than that, with Trump launching a fusillade …
Federal Reserve Governor Lisa Cook‘s job seemed safe from firing by President Donald Trump after Supreme Court justices skeptically questioned the Trump administration’s lawyers on Wednesday about the grounds for Cook’s would-be termination and its effect on the Fed’s historical independence. Justice Brett Kavanaugh warned Solicitor General D. John Sauer …
Federal Reserve chair Jerome Powell speaks at a press conference following the Federal Open Markets Committee meeting at the Federal Reserve on Dec. 10, 2025 in Washington, DC. Chip Somodevilla | Getty Images The Justice Department’s criminal investigation of Federal Reserve Chair Jerome Powell may, at first glance, seem far …
A man looks in the window of a money changer showing the rate of various currencies against the Japanese yen, along a street in central Tokyo on April 29, 2024. Richard A. Brooks | Afp | Getty Images Central banks in Asia face a catch-22 in 2025. A relentless rise …
The Federal Reserve Building in Washington, D.C. Joshua Roberts | Reuters The Federal Reserve announced Thursday that it will lower its benchmark rate by a quarter point, or 25 basis points, less than two days after President-elect Donald Trump won the 2024 election. Economic uncertainty was a prevailing mood heading into …
European Central Bank hikes inflation outlook for 2024, 2025 The European Central Bank’s Governing Council raised its closely-watched quarterly inflation forecast at its June meeting. Staff now see average annual inflation at 2.5% in 2025, up from a 2.3% forecast issued during the March meeting. The projection for 2025 was …
US Federal Reserve Board Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report,” on Capitol Hill in Washington, DC, March 6, 2024. Mandel Ngan | Afp | Getty Images With the economy humming along and the stock market, …