5 h. ago Federal Reserve says building renovation complies with law, defends costs

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell on Thursday said the agency’s renovation of two of its buildings is in compliance with plans approved by a local commission, disputing a White House suggestion that they may have violated the law by deviating from those plans. The letter is the lastest salvo in an escalating […]

Economics

16 h. ago As Trump mulls Powell’s future, Republican senators caution against firing

Some Republican senators are cautioning President Donald Trump against firing U.S. Federal Reserve Chair Jerome Powell, saying it could potentially damage the Fed's independence.

Other

31 h. ago Federal Court of Appeal reserves decision in B.C. ostrich farm’s avian flu case

The Canadian Food Inspection Agency ordered Universal Ostrich Farms to cull about 400 birds after 69 ostriches died in December and January

Transport

34 h. ago Trump says he’s “highly unlikely” to fire Fed’s Powell after floating that idea in private

WASHINGTON (AP) — President Donald Trump said Wednesday that he was “highly unlikely” to fire Federal Reserve Chair Jerome Powell, a public statement made less than 24 hours after suggesting in a private meeting that he was leaning in favor of dismissing the head of the nation’s central bank. Trump confirmed that in a White […]

Events

34 h. ago Trump tergiverse sur la possibilité de renvoyer le président de la Fed

Le président américain Donald Trump a semblé mercredi accentuer la pression sur le président de la Réserve fédérale (Fed), Jerome Powell.

Other

36 h. ago Donald Trump serait sur le point de congédier le président de la Fed Jerome Powell

Le président américain Donald Trump a semblé mercredi accentuer la pression sur le président de la Réserve fédérale (Fed), Jerome Powell.

Events

40 h. ago Trump suggests he may use U.S. Federal Reserve renovation to oust Powell

The push comes after a monthslong campaign by U.S. President Donald Trump to try to rid himself of the politically independent central banker.

Other

53 h. ago Asian Traders Tread With Caution as Fed Bets Wane: Markets Wrap

Stocks in Asia are set for a cautious open after mixed US inflation data spurred traders to trim Federal Reserve rate-cut bets. The dollar rose, Treasuries declined and the yen touched its weakest since April.

Economics

54 h. ago Federal Court of Appeal reserves decision in ostrich farm avian flu case

The Federal Court of Appeal has wrapped up hearing arguments in an ongoing court case involving B.C. farmers and an order to have 400 ostriches culled for avian flu risk.

Transport

60 h. ago Treasuries Resume Slide as CPI Fails to Quell Inflation Fears

Treasury yields resumed climbing Tuesday after June consumer prices data failed to quell anxiety about the potential for tariff-driven inflation to delay Federal Reserve interest-rate cuts.

Economics

4 d. ago From tariffs to universities, Trump’s negotiating style is often less dealmaking and more coercion

WASHINGTON — President Donald Trump prides himself on being a dealmaker, but his negotiating style is more ultimatum than compromise. In the last week, Trump has slapped trading partners with tariffs rather than slog through prolonged talks to reach agreements. He ratcheted up the pressure on the Federal Reserve to cut interest rates. And his […]

Society

8 d. ago US Stocks Climb as Traders Sift Tariff News, Look to Fed Minutes

US equities inched higher as traders continued to assess the constant stream of tariff news and waited for potential insight on rate trajectories from the Federal Reserve’s meeting minutes.

Economics

8 d. ago Stocks Get Tech Boost as Nvidia Hits $4 Trillion: Markets Wrap

A rally in the world’s largest technology companies spurred a rebound in stocks, with Nvidia Corp. hitting $4 trillion - the first company in history to achieve that milestone. Treasuries held steady ahead of a $39 billion sale of bonds and minutes from last month’s Federal Reserve meeting.

Economics

1 week ago Charting the Global Economy: US Jobs Data Eases Pressure on Fed

Fresh US jobs figures took pressure off the Federal Reserve to consider an interest-rate cut later this month, likely leaving the central bank on hold at least until the fall.

Culture

2 w. ago Fed’s Top Climate Official Kevin Stiroh Leaves US Central Bank

Kevin Stiroh, the Federal Reserve’s most senior official focused on the financial risks associated with climate change, has left the US central bank.

Society

2 w. ago Big banks all pass the Federal Reserve’s stress tests, but the tests were less vigorous this year

NEW YORK (AP) — All the major banks passed the Federal Reserve’s annual “stress tests” of the financial system, the central bank said Friday, but the test conducted by the central bank was notably less vigorous than it had been in previous years. All 22 banks tested this year would have remained solvent and above […]

Other

3 w. ago Stocks Hit Record as Fed Cut Bets Gain Momentum: Markets Wrap

Asian stocks were set to advance after a gauge of global equities touched a record high Thursday on calming geopolitical concerns and increased expectations for Federal Reserve rate cuts this year.

Economics

3 w. ago Powell Headed for Congressional Grilling Over Fed’s Rate Hold

Federal Reserve Chair Jerome Powell will have two chances this week to explain to lawmakers why he and most of his fellow policymakers seem resolved to continue holding interest rates steady at least until September, ignoring President Donald Trump’s persistent calls to lower borrowing costs.

Other

3 w. ago Federal Reserve’s Bowman says rate cut should be on table in July

WASHINGTON (AP) — Federal Reserve governor Michelle Bowman on Monday said the central bank should consider cutting its key interest rate as soon as its next meeting in July, underscoring deep divisions among Fed officials as they endure sharp criticism from the White House. Bowman said that President Donald Trump’s tariffs have so far not […]

Other

4 w. ago Gold Heads for First Weekly Drop in Three on Ebbing Haven Demand

Gold headed for its first weekly drop in three as easing geopolitical tension in the Middle East sapped haven demand and a Federal Reserve inflation warning raised the prospect of fewer rate cuts.

Other