Tariffs
Asian shares mostly rose on Tuesday after President Donald Trump delayed raising tariffs on China for another 90 days, giving more time for trade talks to avoid a possible showdown between the world's two major economies. The Tokyo-based Nikkei 225 surged 2.2% to a record high, while
Chairpersons
The contest to be the next Federal Reserve chairman has heated up, with President Trump confirming that three candidates are in the running for the position: Kevin Hassett, Kevin Warsh, and Stephen Miran. Hassett, a 63-year-old mainstay of the Republican establishment, has gained momentum in recent months, despite his reputation
Chairpersons
President Donald Trump announced the nomination of his economic adviser, Stephen Miran, to the Federal Reserve Board, a move seen as part of his effort to reshape the institution and lower interest rates. Miran, the chairman of the Council of Economic Advisers, would serve until January 31, 2026, and has
Chairpersons
US President Donald Trump has announced that he has reduced his list of potential Federal Reserve chair candidates to four, as he considers a successor to Jerome Powell. The choice could have significant implications for the US economy. Trump has been critical of current Fed Chair Powell, who has come
Chairpersons
In a significant development on the Federal Reserve chairmanship front, U.S. President Donald Trump has announced a shortlist of four candidates to succeed Jerome Powell, excluding U.S. Treasury Secretary Scott Bessent. According to Trump, Bessent opted out of the race and preferred to stay in his current job,
Chairpersons
Chairman Tim Scott's leadership at the Senate Committee on Banking, Housing, and Urban Affairs has been instrumental in advancing key legislation and confirming important nominees for the Trump administration. In his first seven months, Chairman Scott has made significant strides in cutting waste and duplication in the federal
Trump, Donald
US President Donald Trump's continuous criticism of Federal Reserve Chairman Jerome Powell's interest rate decisions has raised concerns about the potential erosion of central bank independence. During his visit to Scotland, Trump mocked Labour leader Keir Starmer's immigration and energy policies, and he has
Trump, Donald
The US labour market decelerated significantly in the last three months, with the addition of only 73,000 jobs in July, while the hiring figures for May and June were revised downwards by a combined 258,000. This rare and substantial revision by the Bureau of Labor Statistics has heightened
Chairpersons
The US labour market decelerated significantly over the past three months, with the addition of just 73,000 jobs in July. Hiring figures for May and June were revised downward by a combined 258,000, marking a notable shift from the 380,000 posts added in the previous quarter. This
Trump, Donald
President Trump has urged the Federal Reserve to slash borrowing costs, but the central bank is unlikely to take such aggressive steps, even once it begins to lower interest rates. The uncertainty over the timing and magnitude of rate moves stems from the fact that the Fed is facing two
Chairpersons
The recent escalation of tension between the White House and the Federal Reserve has raised concerns about the potential impact on the central bank's independence and its ability to make policy decisions without political influence. While the immediate focus has been on the potential constraints on the Fed&
Chairpersons
Federal Reserve Chair Jerome Powell recently indicated that the central bank is unlikely to resume its rate cuts in September, citing the need for more economic data. While the economy's course over the next six weeks will determine the Fed's next move, many forecasters and futures
