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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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Supreme Court blocks Trump's attempt to fire Fed governor Lisa Cook over unproven mortgage fraud allegations
Alan Greenspan, one of the most influential economic policymakers in modern US history, has died aged 100.
This live blog is now closed. Supreme court upholds birthright citizenship , allows states to ban trans women from female sports and ends limits on federal campaign spending What to know about birthright citizenship – explained Sign up for the Breaking News US email The supreme court’s decision to reject Trump’s attempt to fire Federal Reserve governor Lisa…
NPR's Ayesha Rascoe talks to Patrick Harker, former president of the Federal Reserve Bank of Philadelphia, about Federal Reserve Chair Jerome Powell's tenure at the central bank, which ends this week.
The president’s ultimate goal is to push the Fed – among other independent US institutions – to bend to his will Jerome Powell, who stepped down this week as chair of the Federal Reserve , had his hits and misses. The Fed was late to react as prices started rising when the Covid pandemic abated, but they eventually acted forcefully and achieved the most rare of feats: a “soft landing”, curbing inflation without sparking a recession or damaging employment. Strangely, given the chaotic era of pandemic and tariffs that coincided with Powell’s time as chair, monetary policy may not define his legacy. Powell’s most lasting accomplishment will most likely be his outspoken efforts to defend the independence of the Fed from an assault by the imperial presidency of Donald Trump. Continue reading...