Australia Hikes Rates Again, Warns Inflation to Stay Higher for Longer
The Reserve Bank of Australia raises rates again, warning that Middle East conflict is pushing up fuel and commodity prices, keeping inflation elevated for an extended period.
Monetary Policy
Powell to Remain on Fed Board After Chair Term Ends, Denying Trump a Vacancy
Federal Reserve Chair Jerome Powell announced he will continue to serve as a Fed governor after his chair term expires in May, thwarting President Trump’s plan to appoint a new board member and triggering a new institutional showdown in Washington.
Fed Holds Rates Steady as Four Officials Dissent — Highest Level of Opposition Since 1992
The Federal Reserve kept interest rates unchanged at its April meeting, but four officials voted in dissent, marking the highest level of disagreement in nearly 34 years.
Fed April Meeting Begins: Powell's Final Rate Decision in Focus
The Federal Reserve’s April monetary policy meeting begins today with markets widely expecting rates to hold steady. This may be Chair Jerome Powell’s final rate decision before his term ends.
Fed Expected to Hold Rates Steady at What May Be Powell's Final Meeting
The Fed is expected to keep interest rates unchanged at its April meeting, which could be Chair Jerome Powell’s last, as Kevin Warsh’s confirmation process advances in the Senate.
Bank of Japan Holds Rates Steady, Raises Inflation Forecast Amid Iran War Concerns
The Bank of Japan kept its policy rate unchanged in a 6-3 split vote, while raising its inflation forecast, reflecting concerns about the economic impact of the Iran conflict.
Key GOP Senator Ends Block, Clearing Way for Warsh as Fed Chair
Republican Senator Thom Tillis ends his hold on the Fed chair nominee, paving the way for Kevin Warsh’s confirmation vote as the Justice Department drops its criminal probe of Powell.
Key GOP Senator Tillis Drops Blockade, Clearing Path for Warsh's Fed Chair Nomination
North Carolina Republican Senator Thom Tillis announced he will no longer block Trump’s Federal Reserve chair nominee Kevin Warsh, clearing a critical hurdle for confirmation that could reshape US monetary policy.