US President Donald Trump on Friday again floated the idea of firing Jerome Powell, the Federal Reserve chair he has long attacked over interest rates he wants lowered. “I don’t know why the Board doesn’t override (Powell),” Trump wrote in a lengthy post on Truth Social criticizing Fed policy. “Maybe, just maybe, I’ll have to…
Kolkata: Kolkata Knight Riders’ Sunil Narine and Rovman Powell (PTI Photo) NEW DELHI: Kolkata Knight Riders (KKR), the defending IPL champions, announced on Sunday that they have recruited Madhya Pradesh spinner Shivam Shukla to replace West Indies all-rounder Rovman Powell for the remaining IPL 2025 matches.Powell and England’s Moeen Ali have withdrawn from the tournament…
Kolkata Knight Riders (KKR) have roped in Madhya Pradesh mystery spinner Shivam Shukla for the remainder of the Indian Premier League (IPL) in 2025. He replaced West Indies batter Rovman Powell, who didn’t return to India after the tournament resumed on May 17. Shukla will be with the Knights for only a solitary match this…
The Federal Reserve left interest rates unchanged for a third meeting in a row on Wednesday, as officials stuck to a wait-and-see approach amid heightened uncertainty about how significantly President Trump’s tariffs will raise inflation and slow growth. The unanimous decision to stand pat will keep interest rates at 4.25 percent to 4.5 percent. Rates…
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 Jerome…
After weeks of bluster and escalation, President Trump blinked. Then he blinked again. And again. He backed off his threat to fire the Federal Reserve chairman. His Treasury secretary, acutely aware that the S&P 500 was down 10 percent since Mr. Trump was inaugurated, signaled he was looking for an offramp to avoid an intensifying…
President Donald Trump on Tuesday appeared to dial down tensions with the Federal Reserve, saying he has no intention of firing Fed Chair Jerome Powell — a shift in tone that could ease investor concerns after weeks of market turbulence sparked by presidential criticism. “I have no intention of firing him,” Trump told reporters in…
US President Donald Trump fired a fresh salvo against Federal Reserve chairman Jerome Powell, escalating attacks for resisting further interest rate cuts. The clash is rattling financial markets, raising a critical question: Can Trump actually fire Powell?The answer is murky—and the implications could be huge.Under the Federal Reserve Act of 1913, members of the Fed’s…
US stocks fell sharply on Monday following a new round of criticism from President Donald Trump towards Federal Reserve Chair Jerome Powell. Trump, in a post on Truth Social, referred to Powell as “Mr. Too Late, a major loser” and reiterated his demand for immediate interest rate cuts.As of 10:30 a.m. ET, The Dow Jones…
US stocks opened mixed as investors cautiously returned to tech and growth stocks, while healthcare weighed heavily on the broader market as global financial markets remained volatile on Thursday.Investors assessed a mix of corporate earnings, central bank signals, and geopolitical developments. While some sectors showed signs of recovery, others continued to feel pressure amid persistent…