Get all your news in one place.

100's of premium titles.
One app.

Start reading

Get all your news in one place.

100's of premium titles. One news app.

Start reading

The Latest Breaking News from US Federal Reserve

US justice department drops criminal investigation against Jerome Powell

Move will remove obstacle for confirmation of Kevin Warsh, Trump’s pick to replace Powell as Federal Reserve chair

The Guardian - US

Stocks Rise on Intel’s Earnings and Possible Resumption of Iran Peace Talks

The S&P 500 Index ($SPX ) (SPY ) today is up +0.41%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -0.33%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.36%. June E-mini S&P futures (ESM26 ) are up +0.38%, and June E-mini Nasdaq futures...

Barchart

DOJ Drops Criminal Investigation Of Jerome Powell, Potentially Paving Way For Confirmation Of Kevin Warsh

The Department of Justice dropped on Friday its criminal investigation of Federal Reserve Chair Jerome Powell, federal prosecutor Jeanine Pirro announced.

International Business Times

From analysis to the latest developments in health,
read the most diverse news in one place.

Pirro drops Powell probe, handing Kevin Warsh a lifeline, though U.S. attorney vows to restart probe ‘should the facts warrant doing so’

It’s unclear whether or not Powell will choose to stay on the board.

Fortune

Trump’s DOJ drops case against Jerome Powell to clear the way for Kevin Warsh as Fed chair

Trump’s pick to lead the Fed was blocked by a key Senate Republican unless prosecutors agreed to back off the case

The Independent UK

The Week Ahead (April 27-May 1): China Implements Zero Tariffs on All African Partners

U.S. Federal Reserve is widely expected to hold interest rates steady, Bank of Japan convenes its policy meeting amid lowered rate hike expectations

Caixin Global

Dollar Declines on Iran Peace Optimism

The dollar index (DXY00 ) today is down by -0.16%. The dollar gave up an early advance and turned lower today as stocks rallied on optimism that peace talks between the US and Iran are set to resume. Bloomberg reported that Iranian Foreign Minister Abbas Araghchi is expected to arrive...

Barchart

Read news from The Economist, FT, and more,
with one subscription

DOJ drops criminal probe into Fed chair Jerome Powell

The move paves the way for Kevin Warsh to succeed Powell as the next head of the Federal Reserve.

Axios

ECB interest rate dilemma: Eurozone growth stalls as Iran war fuels inflation

The European Central Bank faces heightened uncertainty ahead of next week’s rate decision, with President Christine Lagarde warning the "stop-start nature" of the Iran war is making the economic outlook harder to assess.

Euronews

DOJ drops investigation into Fed’s Powell

U.S. Attorney Jeanine Pirro said Friday that she is dropping her investigation into Federal Reserve Chair Jerome Powell over the cost for renovations at the central bank, a move that could clear a path for the Senate to confirm Kevin Warsh as Powell’s replacement. “I have directed my office to…

Roll Call

Dollar Climbs as Crude Prices Jump and Stocks Fall

The dollar index (DXY00 ) climbed to a 1.5-week high on Thursday and finished up by +0.22%. The dollar remains supported amid persistent tensions in the Middle East, which is boosting safe-haven demand for the dollar. Also, rising crude oil prices are pushing up inflation expectations, a hawkish factor for...

Barchart

Wrapup: Senate all-nighter puts ICE in Johnson’s court

Congress got one step closer this week to funding immigration enforcement for the rest of President Donald Trump’s term, while House lawmakers dealt with more ethics fallout and wrangled behind closed doors over a key surveillance authority. But the path forward once again depends on whether Speaker Mike Johnson, R-La.,…

Roll Call

Middle East Tensions Support the Dollar

The dollar index (DXY00 ) today climbed to a 1.5-week high and is up by +0.04%. The dollar remains supported amid persistent tensions in the Middle East, which is boosting safe-haven demand for the dollar. Also, rising crude oil prices are pushing up inflation expectations, a hawkish factor for Fed...

Barchart

Bitcoin Nears $80,000 But Hedge Fund Founder Says It's Still In 'No-Trade Zone'

Bitcoin's price briefly exceeded $79,000, but a hedge fund founder thinks further gains depend on the US Fed's quantitative easing measures.

International Business Times UK

Get all your
news in one place.

100's of premium titles.
One news app.

Barchart

Dollar Recovers on Rising Tensions Over the Strait of Hormuz

The dollar index (DXY00 ) on Wednesday rose to a 1-week high and finished up by +0.20%. The dollar found support on Wednesday as the escalation of the US-Iran war boosted safe-haven demand for the dollar. Iran seized two ships on Wednesday in the Strait of Hormuz for "endangering maritime...

Barchart

Dollar Slips as Strength in Stocks Curbs Liquidity Demand

The dollar index (DXY00 ) today is down by -0.03%. The dollar gave up an early advance today and turned lower after a rally in stocks reduced liquidity demand for the dollar, following President Trump's announcement that he will indefinitely extend the ceasefire with Iran. Also, lower T-note yields today...

Euronews

Fed chair nominee Warsh rejects 'Trump sock puppet' label at Senate hearing

Kevin Warsh, the nominee for Chair of the US Federal Reserve, declared he has not pledged to lower interest rates to secure his position despite public calls from US President Donald Trump for immediate monetary easing.

Fortune

Wall Street won’t like it—but Kevin Warsh at the Fed may mark the end of your chatty neighborhood chairman

Until yesterday, many might have hoped that Warsh’s criticism of forward guidance was an ideal rather than an actionable opinion. They were wrong.

Get all your
news in one place.

100's of premium titles.
One news app.

The Guardian - US

Why Trump’s pick for Fed chair will not bring home the bank for the president

Kevin Warsh, Trump’s ‘central casting’, has a long road ahead of convincing board members to lower interest rates

AAP

Aussie shares fall as war dims hopes for US rate cuts

The Australian share market has dropped 1.2 per cent after Donald Trump extended a ceasefire but his pick to lead the Fed has adopted a hawkish stance.

The Guardian - US

Democrats celebrate as Virginia voters approve new congressional maps that could flip House seats in their favor – as it happened

This live blog is now closed.

Axios

Thune nudges Trump to "wrap up" Fed probe

"We all agree that Kevin Warsh is a great pick and hopefully will be confirmed."

Barchart

Stocks Fall as Iran Refuses to Attend Peace Talks

The S&P 500 Index ($SPX ) (SPY ) on Tuesday closed down -0.63%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.42%. June E-mini S&P futures (ESM26 ) fell -0.62%, and June E-mini Nasdaq futures...

The Independent UK

Ukraine wants to name part of its nation ‘Donnyland’ to appease Trump and end war with Russia: report

‘Donnyland’ appears to be a nod to the president’s fondness for putting his name on everything from federal buildings and skyscrapers to bank accounts and commemorative coins

Kiplinger

Stocks Turn Lower on Iran Worries: Stock Market Today

Stocks gave up early gains Tuesday on concerns the U.S.-Iran ceasefire deadline could expire without a peace deal in place.

1 … 58 59 60 61

People

From analysis to the latest developments in health,
read the most diverse news in one place.

Organisations

International Monetary Fund

the Department of Justice

1,176 stories

Read news from The Economist, FT, and more,
with one subscription

Topics

Dow Jones Industrial Average

Places

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.