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The US dollar has reached its highest level in over a year, driven by investors' reaction to the Federal Reserve's recent meeting.
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Showing 11-20 of 22 stories · from 123 tracked matches · in Business & Economy · page 2 of 3.
New Federal Reserve chief Kevin Warsh gave no hint as to whether the central bank would raise interest rates in July and repeated his dislike of so-called forward guidance to alert investors to future Fed actions.
The Federal Reserve chairman, Kevin Warsh, stressed that the central bank would “deliver price stability,” a point he has emphasized repeatedly since taking over in May.
Though the high court affirmed the political independence of the Federal Reserve, it gave the presidency huge control over dozens of federal regulators.
The U.S. central bank is widely expected to hold interest rates steady at Kevin M. Warsh’s first meeting as chairman.
New Federal Reserve Chairman Kevin Warsh isn’t a stranger on Wall Street, but the mystery to investors is whether he’s committed as he sounds to stamp out U.S. inflation.
The ruling by the Supreme Court means that Lisa Cook will remain as a Federal Reserve governor as her lawsuit challenging Trump's effort to fire her proceeds.
The Supreme Court has refused to allow President Donald Trump to fire Federal Reserve governor Lisa Cook, in a move that strengthens the independence of the central bank.
“Not only the fact of independence but also the appearance of independence is key to the Federal Reserve’s design.”
Just weeks into his job as chairman of the Federal Reserve, Kevin M. Warsh has embraced some of the central bank’s conventions while signaling seismic shifts ahead.
The U.S. dollar headed Thursday for its highest close in more than a year, as investors continued to digest the Federal Reserve’s Wednesday meeting, which revived the possibility of further interest-rate increases.