4 d. ago Here’s what stopped Trump in his quest to oust Fed chair Jerome Powell

The Trump administration has also signaled its trade war with China may be letting up soon

Politics

5 d. ago Asian shares jump on hopes tariff war may subside and Trump won't fire Federal Reserve chief

Asian shares are mostly higher, with markets showing relief after President Donald Trump indicated he won’t dismiss the head of the U.S. Federal Reserve

Events

6 d. ago Gold climbs above $3,500 for first time as Wall Street rallies after slide

Dollar also recovers after Monday’s sell-off prompted by Trump’s attack on Federal Reserve chair caused alarm among investorsBusiness live – latest updatesGold has climbed above $3,500 an ounce for the first time while stocks on Wall Street and the dollar rose following Monday’s sell-off that was prompted by Donald Trump’s blistering attack on the Federal Reserve chair, Jerome Powell, caused alarm among investors.Spot gold reached the record price of $3,500.01 on Tuesday, extending a rally that has pushed bullion up from $2,623 an ounce at the start of this year. Analysts now predict the metal could even reach $4,000 only a matter of weeks after the price moved through $3,000 for the first time. Continue reading...

Politics

6 d. ago Trump latest: Gold price hits new high after dollar plunges following president’s attacks on Fed chair Powell

The market shifts came after Trump claimed that the economy could slow unless Federal Reserve chair Jerome Powell immediately lowered interest rates

Politics

7 d. ago US stock markets fall again as Trump calls Fed chair ‘a major loser’

President amps up attacks against Jerome Powell, pushing him to lower interest rates to offset impact of tariffsUS stock markets started falling again on Monday morning as Donald Trump continued attacks against the Federal Reserve chair, Jerome Powell, who Trump called “a major loser” for not lowering interest rates.“There can be a slowing of the economy unless Mr. Too Late, a major loser, lowers interest rates, NOW,” Trump wrote on social media. Continue reading...

Politics

1 week ago Trump says Fed chair would resign if asked and condemns him over interest rates

President, whose tariffs has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyDonald Trump early on Thursday condemned the Federal Reserve chair, Jerome Powell, for not lowering US interest rates, and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics

1 week ago Global economic growth will slow amid Trump tariffs, IMF warns – as it happened

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Events

1 week ago Global economic growth will slow amid Trump tariffs, IMF warns – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearTrump attacks Fed chair Jerome Powell for not lowering interest ratesECB cuts rates for third time this year as Europe braces for Trump tariffsDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. ...

Economics

1 week ago Trump suggests firing of Fed chair is coming – but he doesn’t have the power to remove him

Powell heads the Federal Reserve, the central banking system that operates as an independent entity free from political influence

Politics

1 week ago Trump attacks Fed chair over interest rates and says his termination ‘cannot come fast enough’

President, whose tariff policy has caused turmoil, said Jerome Powell is ‘always too late and wrong’ with rate policyBusiness live – latest updatesDonald Trump early on Thursday blasted the Federal Reserve chairman, Jerome Powell, for not lowering US interest rates and expressed a wish for him to be gone from his role.The US president lambasted Powell as “always too late and wrong” in a post on his Truth Social platform. Trump noted that the European Central Bank (ECB) was poised on Thursday to lower interest rates again, without mentioning that the body has been responding to the chaos caused by Trump’s initiatives on tariffs. Continue reading...

Politics

1 week ago Donald Trump criticises Federal Reserve chair as European Central Bank cuts interest rates – business live

Live, rolling coverage of business, economics and financial markets as ECB reduces main interest rate from 2.5% to 2.25%, the seventh cut in a yearDonald Trump is awake. And he has strongly criticised monetary policy by the Federal Reserve, saying the end of Jerome Powell’s tenure as chair “cannot come fast enough”.In a post on Truth Social, the social network he owns, Trump said that Powell had been too slow to cut interest rates – contrasting its hesistance because of perceived inflationary pressures with the European Central Bank (ECB).The ECB is expected to cut interest rates for the 7th time, and yet, “Too Late” Jerome Powell of the Fed, who is always TOO LATE AND WRONG, yesterday issued a report which was another, and typical, complete “mess!” Oil prices are down, groceries (even eggs!) are down, and the USA is getting RICH ON TARIFFS. Too Late should have lowered Interest Rates, like the ECB, long ago, but he should certainly lower them now. Powell’s termination cannot come f...

Politics

1 week ago Nvidia boss visits China days after Donald Trump limits AI chip exports – business live

Live, rolling coverage of business, economics and financial markets as Chinese state media publishes photo of Jensen Huang visiting BeijingNvidia boss Jensen Huang has travelled to China for talks despite limits on the chip company’s sales imposed by the White House under Donald Trump.The visit of Huang, chief executive of one of the US’s most valuable companies, will be closely followed amid the vicious trade war between the US and China.The SFO remains committed to stamping out international bribery wherever it may occur.British companies have a duty to prevent the harm caused by bribery when doing business at home and abroad, to ensure that the UK remains a safe and fair place to do business. Continue reading...

Politics

1 week ago Powell says Federal Reserve can wait on any interest rate moves

The Federal Reserve can stay patient and wait to see how tariffs and other economic policies of the Trump administration play out before making any changes to interest rates, Chair Jerome Powell said Wednesday

Politics

2 w. ago Former US treasury secretary slams Trump tariffs as ‘worst self

Janet Yellen, who also is a former Federal Reserve chair, says Trump’s economic policies increase likelihood of recessionRead the latest full reportUS-China trade war intensifies as Beijing’s tariffs come into effect after Trump pauseChina and the European Union have exchanged views on strengthening their economic and trade cooperation in response to US tariffs, the Chinese commerce ministry said on Thursday, according to Reuters news agency.In a video call on Tuesday, China’s commerce minister Wang Wentao discussed with European trade and economic security commissioner Maros Sefcovic the restart of talks on trade relief and to immediately carry out negotiations on electric vehicle price commitments, the Chinese ministry statement said. Continue reading...

Politics

2 w. ago Powell’s tariff dilemma: defend the economy or contain inflation

Donald Trump’s trade war has put the Federal Reserve in an awkward spot

Economics

3 w. ago Rollercoaster for US stock markets as tariff uncertainty puts investors on edge

Wall Street shows some recovery after initial falls as Trump’s team dismiss rumours of a 90-day pause on tariffs as ‘fake news’US Politics Live: Trump says Federal Reserve should cut ratesVolatility grips global stock markets as Trump insists on tariff ‘medicine’Hong Kong stocks have plummeted more than 9% at open, while Singapore stocks dropped over 7%, according to reports.Hong Kong and Chinese stocks dived on Monday as markets around the world crumbled in the face of the widening global trade war and fears it will unleash a deep recession, Reuters says. Continue reading...

Economics

3 w. ago Trump says Federal Reserve should cut rates; Canada initiates WTO dispute over car tariffs – US politics live

US economic council head denies tariffs were part of strategy to pressure Fed to cut interest rates; Canada says measures breach trade agreementsEU ministers are in Luxembourg to consider the European Union’s response to Trump’s sweeping tariff regime amid continuing market turmoil and heightened fears of a global economic recession.It comes after Trump doubled down on his tariff policy in comments aboard Air Force One overnight. He said Europe “has treated us very, very badly,” and “has taken our leaders for a ride”, and declined to hold talks on changing tariffs “unless they pay us a lot of money on a yearly basis”. He also repeated criticism of Europe for not spending a fair share on Nato. Continue reading...

Politics