18 h. ago Stagflation warning as Fed resists Trump's pressure and holds interest rates

The US Federal Reserve, led by Chairman Jay Powell (pictured), left rates at a range of 4.25-4.5% as it cut its forecasts for economic growth.

Events

18 h. ago Fed chief Powell's stubborn defiance on interest rates risks an avoidable downturn, says ALEX BRUMMER

The Federal Reserve's rate hold should come as no surprise. Chairman Jay Powell is determined to preserve the US central bank's independence.

Events

21 h. ago Fed keeps rates unchanged after Trump knocks chairman Jerome Powell – live

The Federal Reserve holds interest rates steady and policymakers signal borrowing costs are still likely to fall this yearRussian deputy foreign minister Sergei Ryabkov warned on Wednesday that direct US military assistance to Israel could radically destabilise the situation in the Middle East, where an air war between Israel and Iran has raged for six days.In separate comments, the head of Russia’s SVR foreign intelligence service, Sergei Naryshkin, was quoted as saying that the situation between Israel and Iran was now critical. Continue reading...

Politics

21 h. ago Federal Reserve holds interest rates, defying Trump’s demand to lower them

Hours before the decision, the president called the Fed’s chair, Jerome Powell, ‘stupid’ for anticipated rate holdThe US Federal Reserve kept interest rates on hold, but signaled it might make two cuts this year, as Donald Trump continues to break with precedent and demand lower rates.Policymakers at the American central bank lifted their projections for inflation this year, as the US president stands by his controversial tariff plans, and downgraded their estimates for economic growth. Continue reading...

Politics

21 h. ago Fed cuts outlook for US economy but holds interest rates steady

Central bank officials split amid concerns over higher inflation from tariffs

Politics

24 h. ago Justice Sotomayor dissents US supreme court decision that ‘authorizes untold harm to transgender children’ – live

Justice Sonia Sotomayor says decision ‘does irrevocable damage to the Equal Protection Clause’ and ‘invites legislatures to engage in discrimination’US supreme court upholds ban on youth gender-affirming careRussian deputy foreign minister Sergei Ryabkov warned on Wednesday that direct US military assistance to Israel could radically destabilise the situation in the Middle East, where an air war between Israel and Iran has raged for six days.In separate comments, the head of Russia’s SVR foreign intelligence service, Sergei Naryshkin, was quoted as saying that the situation between Israel and Iran was now critical. Continue reading...

Society

24 h. ago Donald Trump calls for huge rate cuts as he calls Fed’s Powell ‘stupid’

US president asks whether he can ‘appoint myself’ at the central bank hours ahead of policy decision

Politics

24 h. ago Donald Trump calls for huge rate cuts and says Fed chief is ‘stupid’

US president attacks Jay Powell and asks whether he can ‘appoint myself’ at the central bank hours ahead of policy decision

Politics

25 h. ago Trump calls Fed Chair Jerome Powell ‘a stupid person’ ahead of key interest rate decision

The Federal Reserve is set to keep interest rates the same despite Trump’s desire to see a rate cut

Politics

30 h. ago Trump overseeing a ‘fascist regime’ says Brad Lander after arrest – US politics live

New York City mayoral candidate warns administration could ‘undermine the rule of law’ after incident at immigration courtNew York City mayoral candidate released from custodyIsrael’s war on Iran appeared to be approaching a pivotal moment on Tuesday night after five days of bombing and retaliatory Iranian missile strikes, as Donald Trump demanded “unconditional surrender” from Tehran and weighed his military options.Trump convened a meeting of his national security team in the White House situation room after a day of febrile rhetoric in which the president gave sharply conflicting signals over whether US forces would participate directly in Israel’s bombing campaign over Iran. Continue reading...

Politics

52 h. ago 'Purgatory:' Fed officials left in limbo as tariffs complicate this week's rate decision

The U.S. economy is mostly in good shape but that isn’t saving Federal Reserve chair Jerome Powell from a spell of angst

Politics

8 d. ago Inflation likely ticked higher last month, though Americans may be spending less to travel

U.S. inflation likely picked up a bit last month as President Donald Trump’s tariffs start to bite, but lower prices for gas and possibly for air fares and used cars may limit the overall increase

Economics

2 w. ago FTSE 100 closes higher after survey shows UK services sector returned to growth

The S&P Global UK services purchasing managers’ business activity index rose to 50.9 points in May.

Politics

2 w. ago Trump scapegoats ‘too late’ Fed Chair as his morning goes from ‘Best May in 30 Years’ to dismal jobs outlook

Jerome Powell has repeatedly defied Trump with interest rate decisions and statements about tariffs

Politics

2 w. ago Trump meets with Powell after months of trashing the Fed over interest rates

Jerome Powell emphasized the central bank’s policy decisions will be based solely on objective non-political analysis.

Politics

2 w. ago Trump tells Powell Fed is making a ‘mistake’ by not cutting interest rates

Central bank chair meets president at the White House to discuss economic expectations

Politics

2 w. ago Trump tells Powell Fed is making a ‘mistake’ by not cutting rates

Central bank chair meets president at the White House to discuss economic expectations

Politics

2 w. ago Federal Reserve issues rare statement asserting independence amid Trump pressure

Central bank emphasizes nonpartisan role in brief memo after chair Jerome Powell meets with US presidentCan Trump fire Federal Reserve chair Jerome Powell?The Federal Reserve issued a rare, strongly worded statement on Thursday after chair Jerome Powell spoke with Donald Trump at the White House Thursday morning, holding firm on the central bank’s independence amid pressure from Trump to lower interest rates.The three-paragraph statement emphasized the Fed’s independent, nonpartisan role in setting monetary policy based on economic data. Continue reading...

Politics

2 w. ago Powell tells Trump that Fed’s rates policy will depend on data and outlook

Central bank chair meets US president at the White House to discuss economic expectations

Politics

3 w. ago ‘Whatever it takes,’ Fed chair defends universities, calls on Princeton students to save democracy in Trump swipe

President Donald Trump has been insulting Federal Reserve Chair Jerome Powell for weeks because the national banking head won’t lower interest rates

Politics