[ad_1] US President Trump renewed his criticism on Thursday of Federal Reserve chair Jerome Powell, complaining the Fed is refusing to lower interest rates. Trumpsaid cutting interest rates would be “like jet fuel” for the economy “but he doesn’t want to do it”. He said Powell is “not in love with me”. Fed this week…
[ad_1] The Indian rupee fell sharply by 84 paise to settle at 85.61 (provisional) against the US dollar on Thursday, as geopolitical tensions between India and Pakistan weighed heavily on the currency.Forex traders noted that investors sought safety in the US dollar due to heightened risk aversion in the domestic markets after Pakistan’s military made…
[ad_1] US Federal Reserve Chair Jerome Powell (AP Photo) The US Federal Reserve, led by chair Jerome Powell, kept benchmark rate unchanged in 4.25-4.5% target range at the FOMCmeet on Wednesday. “The Committee seeks to achieve maximum employment and inflation at the rate of 2 percent over the longer run. Uncertainty about the economic outlook…
[ad_1] Donald Trump and Jerome Powell US President Donald Trump is taking credit for any signs of economic strength in the US while blaming President Joe Biden for recent weaknesses, including the first-quarter contraction in GDP. In a wide-ranging interview on NBC News’ “Meet the Press,” Trump also lobbed fresh criticism at Federal Reserve Chair…
[ad_1] Federal Reserve Chair Jerome Powell said Americans may have to wait beyond March for the central bank to cut interest rates as officials look for more economic data to confirm that inflation is headed down to 2%.In an interview conducted Thursday with CBS’s 60 Minutes that aired Sunday evening, Powell sought to explain the…
[ad_1] WASHINGTON: The US Federal Reserve voted Wednesday to leave interest rates unchanged for the fourth straight meeting, while indicating it was moving toward future cuts — but probably not before May at the earliest.The Fed confirmed in a statement that it was holding its benchmark lending rate steady at its 23-year high, between 5.25…
