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‘I never will’: Jerome Powell's powerful message to Trump as Fed holds rate cut

The remarks come as the Federal Reserve warned of higher risks to its inflation and unemployment goals, a likely reference to Donald Trump's tariff policies.

Federal Reserve Chair Jerome Powell spoke to members of the media after the Federal Reserve released a statement holding interest rates steady at 4.25%-4.5%. (AFP)
Published on May 08, 2025 01:55 AM IST

Donald Trump says he has ‘no intention’ of firing Fed chief Jerome Powell

The president unleashed a tirade against Jerome Powell last week right before the European Central Bank lowered its benchmark rate by a quarter point to 2.25%.

Donald Trump said that he would like Jerome Powell to be a
Published on Apr 23, 2025 03:47 AM IST
Bloomberg |

Can Trump fire Jerome Powell before his term ends? POTUS lashes out at Fed Chief

The possibility of President Donald Trump attempting to remove Federal Reserve Chair Jerome Powell has sparked debate over the Fed’s legal independence.

FILE PHOTO: US President Donald Trump looks on as Jerome Powell, his then-nominee to lead the US Federal Reserve, speaks at the White House in Washington DC in November 2017.(REUTERS)
Updated on Apr 17, 2025 07:19 PM IST
ByShrey Banerjee

Stock market opens lower with IT, telecom, and metal stocks dropping the most

The benchmark equity indices fell into red after opening on Thursday, April 17.

A pedestrian watches a digital screen on the facade of the Bombay Stock Exchange (BSE) in Mumbai.(Punit Paranjpe/AFP)
Published on Apr 17, 2025 09:27 AM IST

Indian stock market may open lower, tracking global cues

Global investor sentiment got dented after US Fed Chair Jerome Powell said the central bank is waiting for more clarity before changing interest rates.

The trends seen on Gift Nifty indicate a negative start, with it trading at a discount of almost 67 points from the previous close.(Representational Image/Pixabay)
Published on Apr 17, 2025 08:50 AM IST

Donald Trump tariffs could put US Fed in a bind, Powell warns

Powell said that while the Fed's employment and inflation goals were largely in balance, policymakers could find themselves in the “challenging scenario”.

Jerome Powell speaks during an event hosted by the Economic Club of Chicago, Wednesday, April 16, 2025, in Chicago. (AP Photo/Erin Hooley)(AP)
Updated on Apr 16, 2025 11:51 PM IST
AFP |

Most Asian markets track Wall St rally after Fed rate signals

Most Asian markets track Wall St rally after Fed rate signals

Most Asian markets track Wall St rally after Fed rate signals
Updated on Mar 20, 2025 09:06 AM IST
AFP |

Gold crosses $3,000 per ounce for the first time ever

Gold bullion has hit 13 all-time highs so far this year.

A global trade war has caused market uncertainties, which has further solidified gold's status as a safe haven asset.(Representative image/Pixabay)
Published on Mar 16, 2025 11:38 AM IST

Destabilising the world economy

United States President Donald Trump may have set off a tariff war that will trigger chaos and disruption that affects the world

That Trump does not appreciate that the interdependence of complex economies is only a part of the problem (AP Photo/Matt Rourke, File) (AP)
Updated on Feb 02, 2025 09:11 PM IST
ByHT Editorial

Gold hits record high amid concerns of Donald Trump tariffs

This also comes after the US Federal Reserve (Fed) kept interest rates unchanged at 4.25-4.5 per cent on Wednesday.

Gold of 99.9% purity rose by <span class='webrupee'>₹</span>50 to hit a peak of <span class='webrupee'>₹</span>83,800 per 10 grams from the previous close of <span class='webrupee'>₹</span>83,750 per 10 grams on Wednesday(Representative Image)
Updated on Jan 31, 2025 09:09 AM IST

Fed doesn’t 'need to be in hurry' to lower interest rates, says Jerome Powell

Powell said the Fed is awaiting to see what policies are enacted by the newly inaugurated Donald Trump administration.

Jerome Powell stressed that the Fed wants to see “serial readings” suggesting further progress on inflation.(Bloomberg)
Published on Jan 30, 2025 03:30 AM IST
Bloomberg |

US dollar firmer against peers after Fed keeps interest rates unchanged

Fed officials made a unanimous decision to keep the overnight interest rate in the current 4.25%-4.50% range.

The dollar strengthened 0.51% to 0.908 against the Swiss franc(Representative Image)
Published on Jan 30, 2025 02:57 AM IST
Reuters |

US Federal Reserve keeps interest rates unchanged, says decision was ‘unanimous’

The US Federal Reserve also noted that inflation remains "somewhat elevated, and economic outlook is uncertain".

The US Fed said that economic activity has continued to expand at a solid pace. (AP)
Updated on Jan 30, 2025 05:40 AM IST

US Fed sues JPMorgan, Wells Fargo, BofA over Zelle payment network fraud

A federal regulator sued JPMorgan Chase, Wells Fargo and Bank of America on Friday.

EWS is owned by seven U.S. banks, including JPMorgan, Wells Fargo and Bank of America.(Representational Image/REUTERS / File Photo)
Updated on Dec 21, 2024 02:19 PM IST
AP | | Posted by Shweta Kukreti

Sensex, Nifty suffer 5% weekly loss, worst decline since June 2022

the Sensex closed near the 78,000 mark, down 1.5 percent from the previous session, while the Nifty dropped below 23,600, also losing 1.5 percent.

Sensex has lost more than 5% this week, its first weekly decline in five weeks.(PTI)
Published on Dec 20, 2024 08:09 PM IST

Sensex, Nifty crash after Fed rate cut announcement: Top losers today

Indian stock markets fell sharply as the US Federal Reserve indicated fewer rate cuts next year, with the Sensex down 880 points and Nifty down 269 points. 

A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(REUTERS)
Published on Dec 19, 2024 10:49 AM IST

US Federal Reserve rate cut plans likely unchanged by Donald Trump victory

The US Federal Reserve is widely expected to cut interest rates by a quarter point Thursday.

Donald Trump has repeatedly accused Powell -- whom he first appointed to run the US central bank -- of working to favor the Democrats, and has suggested he would look to replace him once his term expires in 2026.(Getty Images via AFP)
Published on Nov 07, 2024 07:37 PM IST
AFP | | Posted by Shweta Kukreti

Sensex, Nifty open higher following global market surge on Fed rate cut

Nifty and Sensex opened strong following a global market surge after the US Federal Reserve's interest rate cut.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Published on Sep 20, 2024 09:50 AM IST
ANI |

US Federal Reserve's rate cut: Rate cut likely, but by how much?

The FOMC meeting on September 17-18 is crucial for global markets, with expectations of a potential rate cut. Here's what some of the Economists think.

U.S. Federal Reserve Chair Jerome Powell speaks during a press conference following a two-day meeting of the Federal Open Market Committee on interest rate policy in Washington, U.S., July 31, 2024. REUTERS/Kevin Mohatt/File Photo(REUTERS)
Published on Sep 13, 2024 03:06 AM IST

IT stocks boost Nifty 50 to a record high, tops 25,100. Here's why

NSE Nifty 50 reached an all-time high of 25,114.05, led by gains in IT stocks amid US rate cut expectations.

Stock market today: A bird flies past a screen displaying the Sensex results on the facade of the Bombay Stock Exchange (BSE) building in Mumbai.(Reuters)
Published on Aug 28, 2024 12:21 PM IST
Reuters |

Stocks mostly rise as Powell speech looms

Stocks mostly rise as Powell speech looms

Stocks mostly rise as Powell speech looms
Published on Aug 23, 2024 04:42 PM IST
AFP |

US stock market plunges in recession fears, rising unemployment, tech stock fall

The US stock market crashed due to investor concerns of a recession led by increase dunemployment, high interest rates for too long, and falling tech stocks

US stock market plunges and bond yields fall due to recession fears (Reuters)
Published on Aug 03, 2024 11:23 AM IST

Key takeaways from latest US Federal Reserve meeting: When is rate cut likely?

US Federal Reserve chair Jerome Powell announced that interest rates will remain unchanged at the current rate range of 5.25-5.50%. Here are key takeaways

US Federal Reserve Chairman Jerome Powell speaks at a news conference.(AFP)
Updated on Aug 01, 2024 10:27 AM IST

US Fed holds interest rates and pencils at just one cut this year

The annual consumer price index (CPI) came in at 3.3 percent last month, down 0.1 percentage point from April and unchanged on a monthly basis

WASHINGTON, DC - JUNE 12: Federal Reserve Bank Chair Jerome Powell announces that interest rates will remain unchanged during a news conference at the Federal Reserves�s William McChesney Martin building on June 12, 2024 in Washington, DC. Following the two-day Federal Open Markets Committee meeting Powell said the Fed has decided to keep their current rate range of 5.25-5.50 percent and signaled that it believes long-run rates will stay higher than previously indicated. Kevin Dietsch/Getty Images/AFP (Photo by Kevin Dietsch / GETTY IMAGES NORTH AMERICA / Getty Images via AFP)(Getty Images via AFP)
Published on Jun 13, 2024 03:07 AM IST
AFP | | Posted by Arya Vaishnavi

When can US Fed rate change be expected as policymakers see just 1 cut this year

As inflation is back on a downward path, this paves the way for interest-rate cuts in coming months.

US Federal Reserve Chairman Jerome Powell speaks during a press conference.(AFP)
Published on Jun 12, 2024 11:56 PM IST

US Federal Reserve keeps key lending rate unchanged, one cut possible in 2024

US Fed meeting outcome: This comes as inflation in the United States eased in May for a second straight month.

US Fed meeting outcome: The US Federal Reserve building is seen in Washington, DC. (AP )
Updated on Jun 13, 2024 07:35 AM IST

US consumer inflation grows more than expected in March, Fed rate cut looms

US consumer inflation: The March figures mark the third straight month of inflation readings well above US Federal Reserve's 2% target.

People shop in the food section of a retail store in Rosemead, California.(AFP)
Updated on Apr 10, 2024 06:19 PM IST

Sensex jumps over 750 points, Nifty tops 22,050; 5.8L crore added

Stock Market today: The US Federal Reserve, in its March meeting, voted to leave the key interest rate unchanged at 5.25-5.50 per cent.

Stock market today: Among the widely-tracked Nifty 50 stocks, 47 advanced, and the rest were in the red.
Published on Mar 21, 2024 12:42 PM IST
ANI |

Key takeaways from US Fed’s rate decision and Jerome Powell’s press conference

US Fed Chair Jerome Powell said that the central bank is still not ready to lower borrowing costs just yet. Here are key takeaways

US Federal Reserve Chairman Jerome Powell speaks during a press conference at the end of the two-day Federal Open Market Committee (FOMC) meeting at the Federal Reserve in Washington, DC.(AFP)
Published on Mar 21, 2024 11:24 AM IST

Gold prices rocket to new high after US Fed rate decision: Should you buy?

Gold prices on March 21: Gold futures contract on the Multi Commodity Exchange (MCX) for the April 2024 expiry opened higher at ₹66,100 per 10 gm.

Gold prices on March 21: Gold futures contract on the Multi Commodity Exchange (MCX) for the April 2024 expiry opened higher at <span class='webrupee'>₹</span>66,100 per 10 gm.
Updated on Mar 21, 2024 08:17 PM IST
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