62 m. ago US futures slip while Asian shares gain as Fed chair Powell faces Trump legal threat

US futures experienced a dip on Monday, contrasting with gains across Asian markets, after Federal Reserve Chair Jerome Powell revealed the Department of Justice had served the central bank with subpoenas.

Politics

2 h. ago Dollar weakens after US prosecutors launch criminal investigation into Federal Reserve chair Jerome Powell – business live

Rolling coverage of the latest economic and financial newsJustice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal ReserveGold has hit a new high around $4.600 an ounce; it’s up over 1.5% today, pushed up by the weaker dollar.The US dollar has dropped on the foreign exchange markets since news of the investigation into Powell hit the wires.Powell highlighted that the key issue is whether the Fed can continue setting interest rates based on economic data and evidence, or whether monetary policy will be directed by political pressure.I’m afraid we may be moving toward the second scenario. If the Fed becomes a political tool, with its chair replaced by a government puppet, that could further weaken appetite for the U.S. dollar and U.S. bonds. Continue reading...

Events

6 h. ago Fed chair Jerome Powell issues defiant response as federal prosecutors open criminal probe into central bank

Federal prosecutors in Washington have opened a criminal investigation into Federal Reserve Chair Jerome Powell over whether he misled Congress about renovation of the Fed's headquarters.

Events

9 h. ago US prosecutors launch criminal investigation into Fed’s Powell

Central bank chair says grand jury subpoenas are retaliation for refusal to bow to demand to cut interest rates

Events

1 week ago Trump says he’d ‘love to fire’ Jerome Powell in latest attack on Fed chair

Trump also repeated false claims about renovation costs for the Fed headquarters during a Monday press conferenceDonald Trump launched another attack against Federal Reserve chair Jerome Powell on Monday, calling the central banker a “fool” and once again suggesting he would like to fire him.Trump launched his latest attack on Powell during a press conference with Israel’s prime minister Benjamin Netanyahu, repeating false claims about the cost of a renovation of the central bank headquarters, and told reporters that he might file a lawsuit against Powell for “gross incompetence”. Continue reading...

Events

4 w. ago Guiffre family's fury as Met drops probe into Mail on Sunday's revelation that Andrew told officer to dig up dirt on Virginia

The Met announced on Saturday that it will not launch a criminal investigation after the MoS exposed Andrew.

Society

4 w. ago Met will not investigate claims against Andrew relating to Virginia Giuffre

Scotland Yard says it is sticking with earlier decision not to launch criminal inquiry into Andrew Mountbatten-WindsorAndrew Mountbatten-Windsor will not be the subject of a criminal investigation in Britain over allegations he had sex in London with a teenager who was trafficked, and then put pressure on his police protection officer to dig up dirt on her.The Metropolitan police on Saturday said after weeks of review, it would not launch any formal criminal investigation into King Charles’s brother. Mountbatten-Windsor’s ties to the convicted child sex offender Jeffrey Epstein led to the stripping of his royal status. Continue reading...

Economics

4 w. ago Met Police rule out investigation into claims Andrew ordered smear campaign on Virginia Giuffre

The Metropolitan Police has decided not to launch a criminal investigation into reports that Andrew Mountbatten-Windsor asked his taxpayer-funded bodyguard to investigate Virginia Giuffre in 2011.

Events