18 h. 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

3 d. 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

4 d. 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

7 d. 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

7 d. 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

1 week 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

1 week ago Gold Set for First Weekly Drop in Three as Haven Demand Softens

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

Other

1 week ago Summers Sees Trump Naming ‘Respected’ Replacement for Powell

Former Treasury Secretary Lawrence Summers said he expects Donald Trump to name a mainstream candidate to replace Federal Reserve Chair Jerome Powell, despite the president’s bashing of the US central bank leader for failing to cut interest rates this year.

Other

1 week ago U.S. Fed likely to hold interest rate steady, but are cuts still coming?

Inflation has been cooling since January, and many economists say that without the higher import taxes, the Fed would likely be cutting its rate further.

Other

1 week ago Stocks Waver as Traders Shift Focus to Fed Meeting: Markets Wrap

Stocks and bonds posted small gains, with investors staying on the sidelines before the Federal Reserve’s monetary policy decision and release of new forecasts for the economy. Oil pulled back from a near five-month high.

Economics

1 week ago Federal government reserves right to block major projects if conditions not met: LeBlanc

The bill would give the government sweeping powers for five years to quickly approve natural resource and infrastructure projects

Politics

2 w. ago Fed on Hold Leaves Wall Street Asking What It Will Take to Cut Interest Rates

With Federal Reserve officials signaling an extended hold on interest rates, investors and economists will look to Chair Jerome Powell this week for clues on what might eventually prompt the central bank to make a move, and when.

Other

2 w. ago Key Senator Looks to Slow Ted Cruz Plan on Fed Interest to Banks

Senate Banking Committee Chairman Tim Scott said he opposes swift action on a proposal that would bar the Federal Reserve from paying interest on reserves to banks to help pay for Republicans’ massive tax and spending package.

Other

3 w. ago CUPE Alberta Calls on Minister Nicolaides to Prevent Education Crisis After Federal Funding Cuts

EDMONTON, Alberta — CUPE Alberta is sounding the alarm over a looming crisis in the province’s K–12 education system as hundreds of educational assistants (EAs) across the province face job losses following the withdrawal of most of the federal Jordan’s Principle funding for non-reserve schools. Jordan’s Principle is a federal policy intended to ensure First […]

Politics