January 13, 2026 12:58 am
The challenge the world over is to ensure that monetary policy does not become subservient to the executive and subject to the whims and fancies of political leaders. Independence of central banks is a much-valued asset
January 12, 2026 7:48 pm
Fed Chair Powell, in a video, said that the US Justice Department served the central bank with subpoenas and cautioned that the department could issue a criminal indictment.
January 13, 2026 7:21 am
Powell, a Trump appointee from his first term, has struck a defiant tone, saying the investigation should be seen in the “broader context of the administration’s threats and ongoing pressure”.
September 19, 2025 6:39 pm
Political pressures aside, the US Fed faces a difficult predicament with inflation and unemployment rising at the same time. Put simply, it cannot address one problem without making the other worse.
August 05, 2025 9:47 pm
Two sitting Fed governors, Christopher Waller and Michelle Bowman, have already broken with Powell on interest rate policy.
August 02, 2025 1:38 pm
If he doesn’t "substantially lower rates,” Trump wrote on social media, “The board should assume control and do what everyone knows has to be done!"
July 27, 2025 12:02 pm
“I don't think he needs advice. I think he is doing a very good job. Maintaining the independence of the central bank is very important. I think he has done a commendable job,” Malhotra said on Friday, when asked what advice he would give Powell to deal with Trump.
July 25, 2025 8:48 am
The fact-check came in real time, and on camera, as Trump handed Powell a folded piece of paper with the higher cost estimate.
July 24, 2025 2:23 pm
The Republican president, during his first term, nominated Powell to lead the bank but has since soured on his pick over disagreements about interest rates and the economy.
July 22, 2025 10:49 pm
Trump said the Federal Reserve should lower the policy rate by 3 percentage points. The Fed’s current target range is 4.25 per cent to 4.50 per cent.





