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FEDERAL RESERVE NEWS

Trump ally Kevin Warsh clinches Senate approval to be Federal Reserve's next chair

May 14, 2026 2:22 am

His swearing-in to the four-year Fed chair term and a concurrent 14-year term as a Fed governor approved by the Senate on Tuesday awaits final White House signatures on paperwork sent by the Senate.

Trump threatens to fire Powell if he does not resign from Fed

April 15, 2026 9:50 pm

Trump doubles down on threats to Jerome Powell’s tenure at the Federal Reserve amid a criminal probe into central bank renovations and a stalled Senate confirmation for Kevin Warsh.

US Federal Reserve cuts key interest rates for the third time

December 11, 2025 1:18 am

Wednesday's cut reduced the rate by a quarter-point to about 3.6%, the lowest it has been in nearly three years.

US Treasury Secretary Bessent defends Trump’s firing of Lisa Cook, says Fed ‘made lots of mistakes’

September 02, 2025 1:34 am

Bessent said he believed that Cook should be removed or step down if the allegations against her are true, and noted that she had not denied them.

Fired Federal Reserve Governor Lisa Cook refuses to leave

Fired Federal Reserve Governor Lisa Cook to sue Trump, says he does not have authority

August 26, 2025 9:20 pm

Donald Trump said he was removing Lisa Cook effective immediately because of allegations by one of his supporters that she committed mortgage fraud.

Fed hold rates steady, sees inflation as 'elevated,' as Powell declines comment on Trump

January 30, 2025 5:38 am

In a statement, the Fed said the job market is “solid,” and noted that the unemployment rate “has stabilized at a low level in recent months.”

FPIs pulled out Rs 6,409 crore from the cash market on Tuesday. sensex

Sensex plunges 1,064 points ahead of US Fed meet on Wednesday

December 17, 2024 10:12 pm

The rupee depreciated to a new low of 84.93 per dollar intra-day on Tuesday and closed flat at 84.90 due to the widening of India’s merchandise trade deficit in November.

Rupee pares losses on foreign fund inflow, settles flat at 84.29 against US dollar

November 26, 2024 9:04 pm

Traders are also awaiting the US Federal Reserve's Federal Open Market Committee minutes of the November 7 meeting for further cues.

US Federal Reserve cuts interest rates again by 25 basis points amid Trump's return to White House

November 08, 2024 10:23 am

The policymakers on Thursday noted that inflation continues an upward trajectory while there’s a job market which has generally eased. Fed rate cut has put the lending rates at 4.5%-4.75%.

Federal Reserve set to cut rates again while facing hazy post-election outlook

November 03, 2024 5:39 pm

The Fed's future actions, though, will become more unsettled once a new president and Congress take office in January, particularly if Donald Trump were to win the White House again.