5 h. ago ‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell, report claims

Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’

Events

5 h. ago Bank of England governor in extraordinary clash with Donald Trump over future of America's top banker

Andrew Bailey signs statement with other central bankers backing US Federal Reserve chairman Jerome Powell

Politics

6 h. ago Top central bankers express 'full solidarity' with Fed Chair Powell in clash with Trump

Eleven central bankers from around the world have expressed full support for U.S. Federal Reserve Chair Jerome Powell

Politics

6 h. ago Central bank chiefs ‘stand in full solidarity’ with Jay Powell

Governors from 11 institutions issue statement of support for embattled Fed chair

Politics

7 h. ago Eleven central bank chiefs defend Fed’s Jerome Powell over DoJ investigation; oil hits two

Rolling coverage of the latest economic and financial news, as Trump says countries doing business with Iran face 25% tariff on US tradeGlobal central bank officials are reportedly planning to release a coordinated statement of support for US Federal Reserve Chair Jerome Powell, after America’s top central banker was threatened with a criminal indictment.Reuters is reporting that the statement, which is expected to contain the signatures of central bankers from around the world, will back Powell and stress the need for independent central banking. Continue reading...

Events

8 h. ago ‘Agent of chaos’ Bill Pulte and Jeanine Pirro behind DOJ investigation of Fed Chair Jerome Powell

Chairman has dismissed probe as a political attack brought about because he refuses to lower interest rates in line with ‘the preferences of the president’

Events

12 h. ago Bessent unhappy with Justice Department’s criminal probe into Jerome Powell: report

Scott Bessent believes the Department of Justice has ‘made a mess’ with its unprecedented investigation into the Fed chair, according to insiders

Events

18 h. ago Top Republicans denounce justice department’s criminal probe into Fed chair

Backlash builds as Trump administration’s prosecutors target head of US central bank

Politics

26 h. ago Fed Chair Jerome Powell vows to ‘stand firm in face of threats’ after Trump’s DOJ launches probe

Jerome Powell has said that the US Federal Reserve is being threatened with criminal indictment by the Trump administration.

Politics

31 h. ago Criminal investigation into Fed chair Powell has ‘reinforced’ concerns over independence, Goldman Sachs warns – business live

Rolling coverage of the latest economic and financial newsJustice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal ReserveIn the UK property sector, a higher proportion of homes in London were sold at a loss than any other region in England and Wales last year.Estate agency Hamptons has reported that nearly 15% of London sellers sold for less in 2025 than they originally paid, almost double the national average of 8.7%.Last year, the average homeowner in England & Wales sold for £91,260 more than they paid, a value increase of 41.0% over an average holding period of 9.0 years. This is £570 less than the 2024 average of £91,830.Stronger recent price growth in Northern regions has boosted returns, meaning many sellers in the North of England achieved proportionally higher gains than those in much of the South.Flat sellers were four times more likely to make a loss than house sellers in England & Wales (19.9% vs 4.5%). Continue readin...

Events

33 h. 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

34 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

38 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

39 h. ago Justice department opens investigation into Jerome Powell as Trump ramps up campaign against Federal Reserve

Fed chair accuses DoJ of threatening criminal charges over building renovation projects because central bank defied Trump’s interest rate demandsThe Department of Justice has opened a criminal investigation into Jerome Powell and the Federal Reserve, a significant escalation in Donald Trump’s extraordinary attack on the US central bank.Powell said the Department of Justice had served the Fed with grand jury subpoenas on Friday, threatening a criminal indictment related to his testimony before the Senate banking committee in June last year, regarding renovations to the Fed’s historic office buildings in Washington DC. Continue reading...

Politics

40 h. ago Federal prosecutors open criminal probe into Fed Chair Jerome Powell

President Trump has long pressured Powell to cut the central bank’s interest rates

Events

1 week ago Pakistan’s premier offers 'complete solidarity' to Saudi Crown Prince after Yemen port strike

Pakistan’s Prime Minister Shehbaz Sharif spoken to Saudi Crown Prince Mohammed bin Salman to express solidarity with the Kingdom following the recent Saudi bombing of Yemen’s port city of Mukalla

Politics

2 w. 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

last month ‘We stand with you’: Jewish leaders around world respond to Bondi beach attack

Communities express shock and solidarity after at least 12 people killed in Sydney at event marking start of HanukahBondi beach shooting: live updatesWhat we know so far about the attackJewish communities across the world have reacted with shock, sadness and solidarity after what Australia’s prime minister described as a “targeted attack on Jewish Australians” at Bondi beach in Sydney.On Sunday, as hundreds of people were gathered to celebrate the first day of Hanukah, the Jewish festival of lights, at least two individuals armed with guns began firing on crowds on the beach. At least 11 people were killed and 29 injured in what police designated as a terrorist attack. One of the alleged gunman was also killed, bringing the total number of dead to 12. Continue reading...

Politics